Aberdeen Group plc Increases Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Aberdeen Group plc increased its stake in Gaming and Leisure Properties, Inc. by 5.4% in the second quarter, owning 442,151 shares valued at approximately $20.64 million.
• Multiple institutional investors, including Commerzbank Aktiengesellschaft, significantly raised their stakes in Gaming and Leisure Properties, contributing to a total institutional ownership of 91.14%.
• Gaming and Leisure Properties declared a quarterly dividend of $0.78 per share, representing a 7.0% dividend yield, despite having a dividend payout ratio of 120.93%.

Aberdeen Group plc boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 442,151 shares of the real estate investment trust's stock after purchasing an additional 22,722 shares during the quarter. Aberdeen Group plc owned about 0.16% of Gaming and Leisure Properties worth $20,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its stake in Gaming and Leisure Properties by 85.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 13,834 shares of the real estate investment trust's stock worth $646,000 after acquiring an additional 6,357 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $1,867,000. Ignite Planners LLC increased its stake in Gaming and Leisure Properties by 8.8% in the 2nd quarter. Ignite Planners LLC now owns 14,021 shares of the real estate investment trust's stock worth $669,000 after acquiring an additional 1,136 shares during the last quarter. Abel Hall LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $289,000. Finally, REAP Financial Group LLC increased its stake 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 acquiring an additional 264 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GLPI. Mizuho lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Royal Bank Of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Barclays dropped 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. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a report on Monday, July 21st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.71.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $44.33 on Tuesday. The firm has a market cap of $12.55 billion, a P/E ratio of 17.18, a P/E/G ratio of 9.71 and a beta of 0.74. 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 12 month low of $44.33 and a 12 month high of $52.27. The stock's fifty day moving average price is $46.86 and its 200-day moving average price is $47.13.

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 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million for 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities research analysts expect 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 was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid 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 7.0%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.26% of the company's stock.

About Gaming and Leisure Properties

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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