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

Hsbc Holdings PLC lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report) by 1.9% during the first quarter, HoldingsChannel.com reports. The fund owned 696,830 shares of the real estate investment trust’s stock after selling 13,271 shares during the period. Hsbc Holdings PLC’s holdings in Gaming and Leisure Properties were worth $30,918,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $30,000. International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. True Wealth Design LLC boosted its position in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in Gaming and Leisure Properties in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $44.51 on Wednesday. The firm has a market cap of $12.62 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.92 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. The stock has a 50-day moving average price of $45.79 and a 200-day moving average price of $46.25. 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 (NASDAQ:GLPIGet Free Report) last announced 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 return on equity of 18.06% and a net margin of 55.56%.The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’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. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.4%. This is a boost 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 Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the transaction, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Morgan Stanley raised their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Barclays upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.55.

Get Our Latest Stock Analysis on GLPI

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.

See Also

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPIFree Report).

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

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