CW Advisors LLC Invests $560,000 in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• CW Advisors LLC acquired 10,995 shares of Gaming and Leisure Properties, valued at approximately $560,000, indicating growing institutional interest in the company.
• Gaming and Leisure Properties recently reported Q2 earnings of $0.96 per share, slightly missing analysts' expectations, with revenues up 3.8% year-over-year.
• Wall Street analysts have generally issued a consensus rating of "Hold" on the stock, with a mixed outlook on target price adjustments reflecting varying sentiment in the market.

CW Advisors LLC acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,995 shares of the real estate investment trust's stock, valued at approximately $560,000.

Several other large investors have also bought and sold shares of the business. GF Fund Management CO. LTD. boosted its stake in Gaming and Leisure Properties by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 211 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Gaming and Leisure Properties by 64.2% in 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 in the last quarter. Pure Financial Advisors LLC increased its holdings in Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after purchasing an additional 221 shares in the last quarter. Woodward Diversified Capital LLC increased its holdings in Gaming and Leisure Properties by 5.8% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 243 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Gaming and Leisure Properties by 38.8% in the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 296 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho lowered their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Scotiabank upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Thursday. Barclays lowered 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, Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $53.00 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 six have given a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Hold" and a consensus target price of $52.69.

Gaming and Leisure Properties Stock Up 0.1%

Shares of GLPI stock traded up $0.03 on Monday, hitting $48.01. The stock had a trading volume of 2,326,360 shares, compared to its average volume of 1,666,689. The business has a 50 day moving average of $47.03 and a 200 day moving average of $47.80. 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 stock has a market cap of $13.59 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 10.44 and a beta of 0.73. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.60.

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 for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analysts' expectations of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.Gaming and Leisure Properties's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

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