Key Points
- CFO Desiree Burke sold 9,804 shares on Feb. 27 at an average price of $49.02 for about $480,592, reducing her stake by 7.10% to 128,352 shares (≈$6.29M).
- GLPI declared a quarterly dividend of $0.78 per share (annualized $3.12) payable Mar. 27 to shareholders of record on Mar. 13, implying a 6.4% yield and a payout ratio of 107.22%.
- Quarterly results beat expectations with $0.99 EPS vs. $0.98 est. and $407.03M revenue vs. $406.02M, and the company set FY2026 guidance of $4.060–4.110 EPS while analysts' consensus target is $51.95.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) CFO Desiree Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the sale, the chief financial officer directly owned 128,352 shares of the company's stock, valued at approximately $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Gaming and Leisure Properties Stock Performance
Shares of GLPI opened at $48.91 on Friday. The firm has a market cap of $13.85 billion, a P/E ratio of 16.81, a PEG ratio of 2.69 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The firm's 50 day moving average price is $45.69 and its two-hundred day moving average price is $45.51.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.
Gaming and Leisure Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties's dividend payout ratio is currently 107.22%.
Institutional Investors Weigh In On Gaming and Leisure Properties
Several hedge funds have recently bought and sold shares of GLPI. DGS Capital Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth approximately $210,000. Monetary Solutions Ltd bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $53,000. Kera Capital Partners Inc. acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $604,000. Sunbelt Securities Inc. raised its stake in Gaming and Leisure Properties by 2.2% in the 4th quarter. Sunbelt Securities Inc. now owns 54,366 shares of the real estate investment trust's stock valued at $2,430,000 after acquiring an additional 1,171 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Gaming and Leisure Properties by 538.0% in the 4th quarter. Corient Private Wealth LLC now owns 120,920 shares of the real estate investment trust's stock valued at $5,404,000 after acquiring an additional 101,966 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on GLPI shares. Cantor Fitzgerald cut their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 24th. Barclays increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada lifted their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.95.
View Our Latest Report on GLPI
Gaming and Leisure Properties Company Profile
(
Get Free Report)
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.
Further Reading
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