27,156 Shares in Gaming and Leisure Properties, Inc. $GLPI Purchased by Swedbank AB

Key Points

• Swedbank AB acquired 27,156 shares in Gaming and Leisure Properties, valued at approximately $1.27 million, indicating significant institutional interest in the stock.
• Gaming and Leisure Properties missed earnings estimates with a quarterly EPS of $0.96, below the consensus estimate of $0.97, while reporting a year-over-year revenue increase of 3.8%.
• A quarterly dividend of $0.78 will be paid on September 26th, resulting in an annualized yield of 6.8%, despite a high dividend payout ratio of 120.93%.

Swedbank AB purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,156 shares of the real estate investment trust's stock, valued at approximately $1,268,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. ProShare Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 12,836 shares of the real estate investment trust's stock worth $618,000 after buying an additional 875 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Gaming and Leisure Properties by 71.2% in the 4th quarter. Squarepoint Ops LLC now owns 38,619 shares of the real estate investment trust's stock worth $1,860,000 after buying an additional 16,058 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth about $240,000. Toronto Dominion Bank boosted its holdings in shares of Gaming and Leisure Properties by 2.5% in the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after buying an additional 905 shares during the last quarter. Finally, Employees Retirement System of Texas boosted its holdings in shares of Gaming and Leisure Properties by 2.2% in the 4th quarter. Employees Retirement System of Texas now owns 182,164 shares of the real estate investment trust's stock worth $8,773,000 after buying an additional 4,000 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 1.8%

Shares of GLPI opened at $45.77 on Tuesday. The business's 50-day moving average price is $47.09 and its 200-day moving average price is $47.60. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27. The stock has a market cap of $12.95 billion, a PE ratio of 17.74, a P/E/G ratio of 10.14 and a beta of 0.73. 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 (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Scotiabank boosted their price objective on 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. Barclays lowered their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 20th. Macquarie lowered their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Finally, Mizuho boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.85.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company's 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 transaction, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.26% of the company's stock.

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.

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