Insider Selling: Gaming and Leisure Properties (NASDAQ:GLPI) Director Sells 3,000 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were 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 in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $48.41 on Thursday. 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 stock has a market capitalization of $13.72 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.66. The stock has a fifty day moving average of $46.96 and a 200-day moving average of $46.03.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm 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%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.82 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 99.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GLPI. Mizuho increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada lifted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Finally, Barclays upped their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.89.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Gaming and Leisure Properties by 14.3% in the 1st quarter. Parallel Advisors LLC now owns 4,780 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 597 shares in the last quarter. Essential Partners LLC lifted its stake in Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares during the period. Edgestream Partners L.P. grew its position in shares of Gaming and Leisure Properties by 11.4% during the 1st quarter. Edgestream Partners L.P. now owns 153,596 shares of the real estate investment trust’s stock worth $6,815,000 after buying an additional 15,756 shares during the period. Sunbelt Securities Inc. increased its stake in Gaming and Leisure Properties by 2.6% in the first quarter. Sunbelt Securities Inc. now owns 55,796 shares of the real estate investment trust’s stock valued at $2,476,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Amundi grew its stake in shares of Gaming and Leisure Properties by 12.1% in the 1st quarter. Amundi now owns 700,235 shares of the real estate investment trust’s stock valued at $31,069,000 after buying an additional 75,762 shares during the period. Institutional investors own 91.14% of the company’s stock.

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.