Burney Co. Lowers Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Burney Co. lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 15.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,969 shares of the real estate investment trust’s stock after selling 17,254 shares during the quarter. Burney Co.’s holdings in Gaming and Leisure Properties were worth $4,081,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLPI. Colonial River Investments LLC grew its position in Gaming and Leisure Properties by 2.1% in the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 227 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after purchasing an additional 237 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after purchasing an additional 245 shares during the period. Gabelli Funds LLC boosted its stake in shares of Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after purchasing an additional 250 shares during the period. Finally, Pure Financial Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 2.9% in the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $44.07 on Wednesday. The company has a market cap of $12.49 billion, a P/E ratio of 13.99, a PEG ratio of 1.88 and a beta of 0.66. The firm has a fifty day moving average price of $46.56 and a 200 day moving average price of $46.30. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.Gaming and Leisure Properties’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.82 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 annualized dividend and a dividend yield of 7.4%. Gaming and Leisure Properties’s dividend payout ratio is 104.13%.

Analysts Set New Price Targets

GLPI has been the topic of several recent research reports. Mizuho upped their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.20.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.11% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.