Capital Advisors Inc. OK Invests $253,000 in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Capital Advisors Inc. OK invested approximately $253,000 in Gaming and Leisure Properties, Inc. (GLPI), acquiring 5,424 shares in the second quarter.
• Institutional investors own about 91.14% of GLPI's stock, indicating strong interest from the investment community.
• GLPI reported a quarterly EPS of $0.96, missing estimates slightly, with revenues of $394.90 million, a 3.8% increase compared to the previous year.

Capital Advisors Inc. OK acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,424 shares of the real estate investment trust's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Alpine Bank Wealth Management acquired a new position in Gaming and Leisure Properties in the 1st quarter valued at about $26,000. TD Private Client Wealth LLC increased its holdings in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after buying an additional 213 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties in the second quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Gaming and Leisure Properties by 1,872.7% in the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 618 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction 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 transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Cantor Fitzgerald initiated coverage on Gaming and Leisure Properties in a research report on Wednesday, October 1st. They set a "neutral" rating and a $51.00 price objective for the company. Royal Bank Of Canada decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a research report on Monday, July 21st. Finally, Macquarie decreased their price objective 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. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Hold" and a consensus target price of $52.71.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $46.20 on Tuesday. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 10.19 and a beta of 0.74. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The business has a 50-day moving average of $46.98 and a 200 day moving average of $47.33. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $397.27 million. During the same period in the prior year, the company posted $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, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 120.93%.

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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