Commerzbank Aktiengesellschaft FI Has $646,000 Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Gaming and Leisure Properties, Inc. by 85%, owning 13,834 shares valued at $646,000 at the latest reporting period.
• Gaming and Leisure Properties reported $0.96 earnings per share for the last quarter, missing estimates slightly, and the company has set an FY 2025 guidance of 3.850-3.87 EPS.
• The company declared a $0.78 quarterly dividend with a dividend yield of 7.0%, although its dividend payout ratio is currently 120.93%.

Commerzbank Aktiengesellschaft FI grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 85.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,834 shares of the real estate investment trust's stock after purchasing an additional 6,357 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Gaming and Leisure Properties were worth $646,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GLPI. Farther Finance Advisors LLC lifted its stake in shares of Gaming and Leisure Properties by 210.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 1,413 shares during the period. GAMMA Investing LLC lifted its stake in shares of Gaming and Leisure Properties by 31.6% in the 1st quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust's stock valued at $189,000 after purchasing an additional 894 shares during the period. Integrated Advisors Network LLC acquired a new stake in Gaming and Leisure Properties during the 1st quarter worth $206,000. Marshall Financial Group LLC raised its stake in Gaming and Leisure Properties by 6.1% during the 1st quarter. Marshall Financial Group LLC now owns 22,725 shares of the real estate investment trust's stock worth $1,157,000 after buying an additional 1,297 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Gaming and Leisure Properties by 44.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust's stock worth $904,000 after buying an additional 5,440 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

GLPI opened at $44.63 on Friday. The business's 50-day moving average price is $46.92 and its two-hundred day moving average price is $47.22. Gaming and Leisure Properties, Inc. has a 1 year low of $44.42 and a 1 year high of $52.27. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 9.77 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.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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 net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same period in the prior year, the business earned $0.94 EPS. The business'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. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared 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 of this dividend 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%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped 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. Cantor Fitzgerald assumed coverage on Gaming and Leisure Properties in a research note on Wednesday, October 1st. They set a "neutral" rating and a $51.00 price objective on the stock. Mizuho raised 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. Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective on the stock. in a research note on Monday, July 21st. Finally, Macquarie dropped 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. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Hold" and an average price target of $52.71.

Insider Activity

In related 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 value of $139,620.00. Following the sale, the director owned 133,953 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Company 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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