5,500 Shares in Gaming and Leisure Properties, Inc. $GLPI Acquired by Ninety One SA PTY Ltd

Key Points

• Ninety One SA PTY Ltd has acquired 5,500 shares of Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), valued at approximately $255,000, indicating growing interest from institutional investors.
• The company recently reported earnings per share (EPS) of $0.96 for the last quarter, missing expectations slightly, while revenues were $394.90 million, up 3.8% compared to the previous year.
• Gaming and Leisure Properties announced a quarterly dividend of $0.78 per share, which represents a 6.7% yield and a payout ratio of 120.93%.

Ninety One SA PTY Ltd acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,500 shares of the real estate investment trust's stock, valued at approximately $255,000.

A number of other hedge funds have also modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of Gaming and Leisure Properties during the first quarter valued at $151,723,000. Invesco Ltd. raised its holdings in Gaming and Leisure Properties by 127.7% during the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock worth $229,673,000 after buying an additional 2,530,463 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock worth $112,622,000 after buying an additional 1,946,575 shares during the period. Millennium Management LLC lifted its stake in Gaming and Leisure Properties by 294.6% during the first quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust's stock valued at $49,216,000 after buying an additional 721,861 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Gaming and Leisure Properties by 34.5% in the second quarter. Ninety One UK Ltd now owns 2,101,197 shares of the real estate investment trust's stock worth $98,084,000 after buying an additional 538,554 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Down 0.6%

NASDAQ GLPI opened at $46.61 on Wednesday. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.27. The firm's fifty day simple moving average is $46.98 and its 200-day simple moving average is $47.46. The company has a market capitalization of $13.19 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 10.19 and a beta of 0.73.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GLPI. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Scotiabank lifted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Barclays reduced their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a report on Wednesday, August 20th. Macquarie decreased their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Finally, Mizuho lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $52.85.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.26% of the stock is owned by corporate insiders.

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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