Sound Income Strategies LLC Increases Holdings in Gaming and Leisure Properties, Inc. $GLPI

Sound Income Strategies LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,584 shares of the real estate investment trust’s stock after purchasing an additional 19,164 shares during the period. Sound Income Strategies LLC’s holdings in Gaming and Leisure Properties were worth $16,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $175,169,000. Balyasny Asset Management L.P. purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth approximately $124,785,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after acquiring an additional 1,946,575 shares during the period. Qube Research & Technologies Ltd grew its position in Gaming and Leisure Properties by 375.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock valued at $62,049,000 after acquiring an additional 1,049,863 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Gaming and Leisure Properties in the second quarter worth $39,689,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $44.67 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 9.66 and a beta of 0.68. The company has a 50 day moving average price of $44.02 and a 200-day moving average price of $45.92. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.78 per share. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Barclays reduced their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Scotiabank increased their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and an average price target of $51.89.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.26% of the company’s stock.

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.