D.A. Davidson & CO. Grows Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

D.A. Davidson & CO. increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,264 shares of the real estate investment trust’s stock after buying an additional 13,536 shares during the period. D.A. Davidson & CO.’s holdings in Gaming and Leisure Properties were worth $2,063,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $30,000. REAP Financial Group LLC lifted its holdings in 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 worth $31,000 after purchasing an additional 264 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. Elevation Point Wealth Partners LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $39,000. Finally, Bay Harbor Wealth Management LLC grew its holdings in Gaming and Leisure Properties by 45.4% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday. Stifel Nicolaus set a $47.75 price target on shares of Gaming and Leisure Properties in a research note on Monday, December 15th. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.89.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated 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 owned 129,953 shares of the company’s stock, valued at $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the sale, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. The trade was a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,864 shares of company stock worth $1,832,866 over the last ninety days. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $44.52 on Friday. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.48 and a beta of 0.67. 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 business has a 50 day simple moving average of $44.06 and a 200-day simple moving average of $45.72. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. During the same period last year, the company earned $0.95 earnings per share. Gaming and Leisure Properties’s 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. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.