Caxton Associates LLP Buys Shares of 22,673 Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Caxton Associates LLP acquired a new stake of 22,673 shares in Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), valued at approximately $1,154,000 during the 1st quarter of the year.
• Multiple institutional investors have increased their positions in GLPI, with hedge funds now holding 91.14% of the company's stock.
• Analysts have reduced price targets for GLPI, with the current consensus rating being "Hold" and an average target price of $52.69.

Caxton Associates LLP bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 22,673 shares of the real estate investment trust's stock, valued at approximately $1,154,000.

Other hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $26,000. TD Private Client Wealth LLC raised its stake 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 purchasing an additional 213 shares during the period. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $28,000. Cullen Frost Bankers Inc. raised its stake in shares of Gaming and Leisure Properties by 1,872.7% during 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. Finally, Wayfinding Financial LLC bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $33,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded down $0.07 during midday trading on Monday, reaching $47.98. The stock had a trading volume of 349,942 shares, compared to its average volume of 1,524,154. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.27. The firm's 50-day moving average price is $47.18 and its 200 day moving average price is $47.73. The firm has a market capitalization of $13.58 billion, a PE ratio of 18.59, a P/E/G ratio of 10.45 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 posted its earnings results 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). The company 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 firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous 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, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's payout ratio is presently 120.93%.

Analyst Ratings Changes

GLPI has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday. Royal Bank Of Canada lowered their target price 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. 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, Wells Fargo & Company lowered their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $52.85.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares of the company's stock, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.26% of the stock is owned by 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.