Gaming and Leisure Properties (NASDAQ:GLPI) COO Brandon John Moore Sells 16,884 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer owned 257,874 shares of the company’s stock, valued at $12,390,845.70. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brandon John Moore also recently made the following trade(s):

• On Monday, February 23rd, Brandon John Moore sold 114 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $48.01, for a total transaction of $5,473.14.
• On Friday, February 20th, Brandon John Moore sold 1,376 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.05, for a total transaction of $66,116.80.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded up $0.47 during midday trading on Tuesday, reaching $48.33. 2,784,887 shares of the company were exchanged, compared to its average volume of 2,451,701. The stock has a market cap of $13.69 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The business’s fifty day moving average is $45.41 and its two-hundred day moving average is $45.43. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The company had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. During the same period in the previous year, the firm posted $0.95 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 107.22%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLPI. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Morgan Stanley lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Finally, Barclays upped their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $51.95.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. DGS Capital Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at $210,000. Monetary Solutions Ltd bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at about $53,000. Kera Capital Partners Inc. purchased a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $604,000. Sunbelt Securities Inc. grew 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 worth $2,430,000 after acquiring an additional 1,171 shares in the last quarter. Finally, Corient Private Wealth LLC grew 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 worth $5,404,000 after acquiring an additional 101,966 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

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.