Arrowstreet Capital Limited Partnership Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Arrowstreet Capital Limited Partnership purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 168,206 shares of the real estate investment trust’s stock, valued at approximately $7,852,000. Arrowstreet Capital Limited Partnership owned 0.06% of Gaming and Leisure Properties as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GLPI. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Gaming and Leisure Properties by 407.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock valued at $5,632,000 after acquiring an additional 88,858 shares during the last quarter. AGF Management Ltd. raised its holdings in Gaming and Leisure Properties by 18.1% in the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock valued at $3,046,000 after acquiring an additional 9,992 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Gaming and Leisure Properties by 6.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 160,151 shares of the real estate investment trust’s stock worth $8,092,000 after purchasing an additional 9,130 shares during the last quarter. FJ Capital Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $354,000. Finally, Royal Bank of Canada increased its position in Gaming and Leisure Properties by 1.5% during the first quarter. Royal Bank of Canada now owns 466,403 shares of the real estate investment trust’s stock worth $23,741,000 after buying an additional 6,869 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $41.89 on Thursday. The business’s 50-day simple moving average is $44.24 and its 200 day simple moving average is $46.02. The company has a market cap of $11.86 billion, a P/E ratio of 15.18, a PEG ratio of 8.94 and a beta of 0.68. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. Gaming and Leisure Properties’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.4%. Gaming and Leisure Properties’s payout ratio is 113.04%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were 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 of the company’s stock, valued at $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GLPI has been the subject of several analyst reports. Stifel Nicolaus cut their price target on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Mizuho boosted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Cantor Fitzgerald decreased their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Barclays dropped their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Five equities 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 has a consensus rating of “Hold” and a consensus 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.