Andra AP fonden Raises Position in Gaming and Leisure Properties, Inc. $GLPI

Andra AP fonden boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 206.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,200 shares of the real estate investment trust’s stock after purchasing an additional 260,300 shares during the period. Andra AP fonden owned approximately 0.14% of Gaming and Leisure Properties worth $18,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in shares of 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 during the period. Private Trust Co. NA bought a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $30,000. REAP Financial Group LLC lifted its position in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position 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 valued at $33,000 after purchasing an additional 618 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GLPI shares. Mizuho upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Macquarie lowered their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. 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 note on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald dropped their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Hold” and an average price target of $52.50.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $44.18 on Friday. The company’s fifty day moving average price is $46.11 and its 200-day moving average price is $46.67. The stock has a market cap of $12.50 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 9.79 and a beta of 0.74. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The business had revenue of $397.60 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 7.1%. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

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.