Gaming and Leisure Properties (NASDAQ:GLPI) Releases Earnings Results

Gaming and Leisure Properties (NASDAQ:GLPI) announced its earnings results on Thursday. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.23, Zacks reports. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties updated its FY 2026 guidance to 4.100-4.120 EPS.

Gaming and Leisure Properties Trading Down 2.8%

Shares of GLPI traded down $1.30 on Thursday, reaching $44.71. 2,977,655 shares of the company’s stock were exchanged, compared to its average volume of 2,412,160. The business has a 50 day moving average price of $45.51 and a two-hundred day moving average price of $46.27. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The stock has a market capitalization of $12.67 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.66. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.3%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s payout ratio is presently 104.13%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties 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 completion of the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Gaming and Leisure Properties by 711.8% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock worth $110,459,000 after purchasing an additional 2,077,937 shares during the period. Bank of America Corp DE lifted its stake in Gaming and Leisure Properties by 175.7% in the third quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock valued at $110,221,000 after buying an additional 1,507,006 shares during the period. AQR Capital Management LLC boosted its holdings in Gaming and Leisure Properties by 229.2% during the fourth quarter. AQR Capital Management LLC now owns 1,981,347 shares of the real estate investment trust’s stock worth $88,546,000 after buying an additional 1,379,425 shares during the last quarter. Deutsche Bank AG boosted its holdings in Gaming and Leisure Properties by 211.5% during the fourth quarter. Deutsche Bank AG now owns 1,640,463 shares of the real estate investment trust’s stock worth $73,312,000 after buying an additional 1,113,889 shares during the last quarter. Finally, Long Pond Capital LP acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $44,413,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLPI. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Scotiabank lowered their target price 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. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company cut their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.50.

About Gaming and Leisure Properties

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.