Capital International Sarl Raises Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Capital International Sarl increased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,574 shares of the real estate investment trust’s stock after buying an additional 3,285 shares during the period. Capital International Sarl’s holdings in Gaming and Leisure Properties were worth $4,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Group Private Client Services Inc. raised its position in shares of Gaming and Leisure Properties by 4.4% in the first quarter. Capital Group Private Client Services Inc. now owns 165,050 shares of the real estate investment trust’s stock worth $7,746,000 after buying an additional 6,914 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Gaming and Leisure Properties by 13.9% during the first quarter. BNP Paribas Arbitrage SA now owns 112,874 shares of the real estate investment trust’s stock valued at $5,297,000 after purchasing an additional 13,814 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Gaming and Leisure Properties during the first quarter valued at about $1,931,000. Royal Bank of Canada raised its position in Gaming and Leisure Properties by 35.2% during the first quarter. Royal Bank of Canada now owns 99,276 shares of the real estate investment trust’s stock valued at $4,659,000 after purchasing an additional 25,843 shares in the last quarter. Finally, Shay Capital LLC purchased a new stake in Gaming and Leisure Properties during the first quarter valued at about $704,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Activity

In other news, EVP Brandon John Moore sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $52.00, for a total transaction of $156,000.00. Following the completion of the transaction, the executive vice president now directly owns 185,993 shares in the company, valued at $9,671,636. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GLPI. Truist Financial raised their price target on Gaming and Leisure Properties from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Citigroup raised their price target on Gaming and Leisure Properties to $59.00 in a research report on Monday, August 22nd. Mizuho raised their price target on Gaming and Leisure Properties from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. UBS Group lowered their price target on Gaming and Leisure Properties to $55.00 in a research report on Thursday, June 9th. Finally, Morgan Stanley raised their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average price target of $55.50.

Gaming and Leisure Properties Stock Down 0.4 %

Shares of NASDAQ:GLPI opened at $48.63 on Thursday. The stock’s 50-day moving average price is $50.27 and its 200-day moving average price is $47.24. Gaming and Leisure Properties, Inc. has a 12-month low of $41.81 and a 12-month high of $52.87. The stock has a market capitalization of $12.42 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.91.

Gaming and Leisure Properties (NASDAQ:GLPIGet Rating) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $326.40 million during the quarter, compared to the consensus estimate of $325.40 million. Gaming and Leisure Properties had a return on equity of 16.30% and a net margin of 43.54%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.47 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.705 per share. The ex-dividend date is Thursday, September 15th. This represents a $2.82 annualized dividend and a dividend yield of 5.80%. Gaming and Leisure Properties’s payout ratio is 127.03%.

Gaming and Leisure Properties Profile

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GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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