Ballentine Partners LLC Makes New $240,000 Investment in Gaming and Leisure Properties, Inc. $GLPI

Ballentine Partners LLC purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,133 shares of the real estate investment trust’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GF Fund Management CO. LTD. increased its position in Gaming and Leisure Properties by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 211 shares in the last quarter. TD Private Client Wealth LLC increased its position in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 213 shares in the last quarter. Pure Financial Advisors LLC increased its position in Gaming and Leisure Properties by 2.6% in the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 221 shares in the last quarter. Woodward Diversified Capital LLC increased its position in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 243 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Gaming and Leisure Properties by 38.8% during the first quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $46.87 on Tuesday. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 10.19 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The stock has a 50 day moving average price of $46.99 and a 200-day moving average price of $47.47. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.Gaming and Leisure Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.7%. Gaming and Leisure Properties’s payout ratio is 120.93%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 20th. Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Stifel Nicolaus cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price for the company. in a research report on Monday, July 21st. Finally, Mizuho increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Hold” and a consensus target price of $52.85.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.