Gaming and Leisure Properties (NASDAQ:GLPI) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) released its quarterly earnings data on Thursday. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.26, Zacks reports. The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. Gaming and Leisure Properties’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Gaming and Leisure Properties updated its FY 2026 guidance to 4.080-4.120 EPS.

Gaming and Leisure Properties Trading Up 1.1%

Shares of GLPI stock traded up $0.52 during trading hours on Thursday, hitting $46.64. 2,130,924 shares of the company’s stock traded hands, compared to its average volume of 1,997,999. The stock’s 50 day simple moving average is $46.96 and its 200 day simple moving average is $45.40. The stock has a market cap of $13.21 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 annualized dividend and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the transaction, the director owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at $12,390,845.70. The trade was a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 32,178 shares of company stock valued at $1,552,938. Insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several large investors have recently modified their holdings of GLPI. CIBC Private Wealth Group LLC grew its holdings in Gaming and Leisure Properties by 141.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,416 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,417 shares during the period. Quarry LP grew its holdings in Gaming and Leisure Properties by 588.7% in the fourth quarter. Quarry LP now owns 3,099 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 2,649 shares during the period. Parallel Advisors LLC grew its holdings in Gaming and Leisure Properties by 70.9% in the third quarter. Parallel Advisors LLC now owns 3,697 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 1,534 shares during the period. Polymer Capital Management HK LTD acquired a new stake in Gaming and Leisure Properties in the third quarter worth $203,000. Finally, Eisler Capital Management Ltd. acquired a new stake in Gaming and Leisure Properties in the third quarter worth $215,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. Scotiabank upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Mizuho increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Stifel Nicolaus set a $48.50 target price on shares of Gaming and Leisure Properties in a research report on Thursday, February 12th. Morgan Stanley increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Six investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.41.

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.