Edgestream Partners L.P. Acquires New Position in Gaming and Leisure Properties, Inc. $GLPI

Edgestream Partners L.P. bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,953 shares of the real estate investment trust’s stock, valued at approximately $3,499,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Gaming and Leisure Properties by 102.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 490,708 shares of the real estate investment trust’s stock valued at $22,906,000 after acquiring an additional 248,900 shares during the period. Virtus Investment Advisers LLC grew its holdings in shares of Gaming and Leisure Properties by 15.4% in the 2nd quarter. Virtus Investment Advisers LLC now owns 3,675 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 491 shares during the period. Norges Bank purchased a new position in Gaming and Leisure Properties in the 2nd quarter valued at approximately $175,169,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Gaming and Leisure Properties by 60.3% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,600 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 8,500 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Gaming and Leisure Properties by 1.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 234,239 shares of the real estate investment trust’s stock worth $10,934,000 after purchasing an additional 3,300 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 completion of the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.1%

Shares of GLPI stock opened at $43.72 on Thursday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 9.38 and a beta of 0.68. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average price of $44.71 and a 200 day moving average price of $46.19. Gaming and Leisure Properties, Inc. has a twelve month low of $42.26 and a twelve month high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, December 5th. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GLPI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Scotiabank increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Stifel Nicolaus cut their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Barclays reduced their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Cantor Fitzgerald dropped their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.21.

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.