Lazard Asset Management LLC Purchases 19,188 Shares of Gaming and Leisure Properties, Inc. $GLPI

Lazard Asset Management LLC raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 310.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,366 shares of the real estate investment trust’s stock after purchasing an additional 19,188 shares during the quarter. Lazard Asset Management LLC’s holdings in Gaming and Leisure Properties were worth $1,125,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $31,000. Blue Trust Inc. bought a new stake in shares of Gaming and Leisure Properties in the first quarter worth about $40,000. Finally, Monetary Solutions Ltd bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth about $53,000. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.11% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the subject of a number of recent analyst reports. Barclays lowered their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Stifel Nicolaus decreased their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a report on Friday. JPMorgan Chase & Co. decreased their target price on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Finally, Morgan Stanley raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus target price of $50.20.

Gaming and Leisure Properties Stock Down 0.9%

GLPI stock opened at $44.41 on Wednesday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66. The business’s 50 day moving average price is $45.32 and its two-hundred day moving average price is $46.25. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.82 per share. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s payout ratio is 96.19%.

Gaming and Leisure Properties 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.