Aviva PLC Buys Shares of 194,623 Gaming and Leisure Properties, Inc. $GLPI

Aviva PLC purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 194,623 shares of the real estate investment trust’s stock, valued at approximately $9,085,000. Aviva PLC owned about 0.07% of Gaming and Leisure Properties as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLPI. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties in the second quarter valued at about $30,000. Cullen Frost Bankers Inc. raised its stake 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 acquiring an additional 618 shares during the period. REAP Financial Group LLC raised its stake in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 264 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. Finally, Assetmark Inc. boosted its position in shares of Gaming and Leisure Properties by 49.6% during the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 328 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GLPI. Scotiabank boosted 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. Royal Bank Of Canada dropped their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $51.00 to $54.00 in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Finally, Macquarie reduced their price target on shares of 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. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.50.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $44.76 on Thursday. The business’s 50-day moving average is $45.88 and its two-hundred day moving average is $46.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market capitalization of $12.67 billion, a P/E ratio of 16.22, a P/E/G ratio of 9.80 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 1 year low of $42.26 and a 1 year high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.60 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share 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. Shareholders of record on Friday, September 12th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were 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 in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.26% of the company’s stock.

About Gaming and Leisure Properties

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.