111 Capital Purchases New Shares in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• 111 Capital has acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), purchasing 14,408 shares valued at approximately $673,000 in Q2.
• Recent financial analyst reports show mixed updates, with Barclays lowering their price target from $55 to $51 while Mizuho raised it from $48 to $50, resulting in a consensus rating of "Hold" with an average price target of $52.71.
• The company recently announced a quarterly dividend of $0.78 per share, reflecting a 6.7% dividend yield, although its payout ratio stands at a high 120.93%.

111 Capital acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,408 shares of the real estate investment trust's stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GLPI. Alpine Bank Wealth Management bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $26,000. TD Private Client Wealth LLC raised its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 213 shares during the period. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. boosted its holdings 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 worth $33,000 after purchasing an additional 618 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GLPI. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 20th. Mizuho raised their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Macquarie cut 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 report on Monday, July 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Gaming and Leisure Properties in a research report on Saturday, September 27th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $52.71.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $46.87 on Friday. The company has a 50 day moving average of $46.97 and a two-hundred day moving average of $47.38. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 10.19 and a beta of 0.74. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The business had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same period in the previous year, the business earned $0.94 EPS. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Company 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.

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