Signaturefd LLC Has $194,000 Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Signaturefd LLC grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,149 shares of the real estate investment trust’s stock after purchasing an additional 656 shares during the period. Signaturefd LLC’s holdings in Gaming and Leisure Properties were worth $194,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GLPI. Alpine Bank Wealth Management acquired a new stake in Gaming and Leisure Properties in the first quarter worth $26,000. Private Trust Co. NA acquired a new stake in Gaming and Leisure Properties in the first quarter worth $28,000. TD Private Client Wealth LLC raised its holdings 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 purchasing an additional 213 shares during the period. Wayfinding Financial LLC acquired a new stake in Gaming and Leisure Properties in the first quarter worth $33,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Gaming and Leisure Properties by 1,872.7% in the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 618 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLPI has been the topic of several analyst reports. Royal Bank Of Canada cut their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Cantor Fitzgerald assumed coverage on shares of Gaming and Leisure Properties in a report on Wednesday. They set a “neutral” rating and a $51.00 price objective on the stock. Mizuho raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Stifel Nicolaus lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Finally, Macquarie cut their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.71.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Down 1.2%

Shares of GLPI stock opened at $46.58 on Friday. The firm has a market capitalization of $13.18 billion, a P/E ratio of 18.05, a PEG ratio of 10.25 and a beta of 0.75. The firm’s fifty day moving average price is $46.97 and its two-hundred day moving average price is $47.43. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

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

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.