Gaming and Leisure Properties, Inc. $GLPI Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 11.4% during the first quarter, Holdings Channel.com reports. The firm owned 153,596 shares of the real estate investment trust’s stock after acquiring an additional 15,756 shares during the period. Edgestream Partners L.P.’s holdings in Gaming and Leisure Properties were worth $6,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Gaming and Leisure Properties by 1.2% in the 4th quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after purchasing an additional 147,683 shares during the period. Wellington Management Group LLP boosted its holdings in Gaming and Leisure Properties by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock worth $518,048,000 after buying an additional 198,582 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Gaming and Leisure Properties by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after buying an additional 525,317 shares in the last quarter. Geode Capital Management LLC grew its position in Gaming and Leisure Properties by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after buying an additional 258,596 shares during the period. Finally, Cohen & Steers Inc. acquired a new stake in Gaming and Leisure Properties during the fourth quarter valued at $313,242,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Gaming and Leisure Properties

Here are the key news stories impacting Gaming and Leisure Properties this week:

  • Positive Sentiment: GLPI reported record second-quarter results. Revenue rose 9% year over year to $430.52 million, exceeding the $428.51 million consensus estimate, while reported EPS of $1.03 surpassed analysts’ $0.80 expectation. MarketBeat earnings report
  • Positive Sentiment: Funds from operations, a key REIT performance measure, increased to $1.03 per share from $0.96 a year earlier and exceeded the Zacks consensus estimate of $1.02. Zacks FFO report
  • Positive Sentiment: The company raised its 2026 EPS guidance to $4.10-$4.12, above the $4.01 analyst consensus, signaling confidence in full-year earnings. Business Insider guidance report
  • Neutral Sentiment: The earnings preview and subsequent results releases largely reiterated the same quarterly performance and guidance information; no significant new adverse operational development was identified in the supplied coverage. Q2 earnings preview

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $44.71 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The business’s 50 day moving average price is $45.51 and its 200-day moving average price is $46.27. The firm has a market capitalization of $12.67 billion, a PE ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, June 12th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is 104.13%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLPI. Morgan Stanley upped their price objective on shares of 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. Barclays dropped their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Stifel Nicolaus set a $50.00 price target on Gaming and Leisure Properties in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus target price of $50.50.

Check Out Our Latest Research Report on GLPI

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 sale, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Profile

(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.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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