Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,600 shares of the real estate investment trust’s stock after acquiring an additional 489 shares during the period. Fifth Third Bancorp’s holdings in Gaming and Leisure Properties were worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC lifted its position in Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 213 shares in the last quarter. Private Trust Co. NA acquired a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $28,000. Cullen Frost Bankers Inc. raised its position in shares of Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 618 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $33,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $46.87 on Tuesday. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market capitalization 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 business has a 50 day simple moving average of $46.99 and a 200-day simple moving average of $47.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

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

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLPI. Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price on the stock. in a research report on Monday, July 21st. Macquarie cut their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Finally, Scotiabank upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.85.

Gaming and Leisure Properties 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.