Hsbc Holdings PLC Buys 51,987 Shares of Gaming and Leisure Properties, Inc. $GLPI

Hsbc Holdings PLC boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 710,101 shares of the real estate investment trust’s stock after buying an additional 51,987 shares during the period. Hsbc Holdings PLC’s holdings in Gaming and Leisure Properties were worth $31,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $29,000. SHP Wealth Management bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $31,000. True Wealth Design LLC raised its stake in Gaming and Leisure Properties by 238.3% during the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 610 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Gaming and Leisure Properties by 107.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 460 shares during the period. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $44.71 on Wednesday. The company has a market capitalization of $12.67 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.91 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The business has a 50-day simple moving average of $47.04 and a two-hundred day simple moving average of $46.18.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 7.3%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio is currently 104.13%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GLPI. Scotiabank reduced their price objective on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Barclays upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.20.

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.