Hsbc Holdings PLC Has $30.92 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Hsbc Holdings PLC cut its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696,830 shares of the real estate investment trust’s stock after selling 13,271 shares during the quarter. Hsbc Holdings PLC owned about 0.25% of Gaming and Leisure Properties worth $30,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its position in shares of Gaming and Leisure Properties by 4.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 165,983 shares of the real estate investment trust’s stock valued at $7,310,000 after acquiring an additional 7,088 shares during the period. Munich Reinsurance Co Stock Corp in Munich boosted its holdings in Gaming and Leisure Properties by 24.5% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 1,813,066 shares of the real estate investment trust’s stock valued at $80,446,000 after purchasing an additional 356,476 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Gaming and Leisure Properties by 3.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 57,928 shares of the real estate investment trust’s stock valued at $2,570,000 after purchasing an additional 1,700 shares during the period. Abel Hall LLC boosted its holdings in Gaming and Leisure Properties by 168.0% in the 1st quarter. Abel Hall LLC now owns 16,456 shares of the real estate investment trust’s stock valued at $730,000 after purchasing an additional 10,316 shares during the period. Finally, DGS Capital Management LLC grew its position in shares of Gaming and Leisure Properties by 20.2% during the 1st quarter. DGS Capital Management LLC now owns 5,651 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 950 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.11% of the stock is owned by company insiders.

Gaming and Leisure Properties Trading Down 0.3%

Shares of Gaming and Leisure Properties stock opened at $44.51 on Wednesday. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.92 and a beta of 0.66. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The firm’s 50-day moving average price is $45.79 and its two-hundred day moving average price is $46.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the company earned $0.96 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.4%. 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 104.13%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLPI shares. JPMorgan Chase & Co. lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Scotiabank reduced their price target on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research note on Friday, April 24th. Finally, Barclays lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.55.

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.