Evergreen Capital Management LLC Purchases New Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Evergreen Capital Management LLC invested approximately $525,000 in Gaming and Leisure Properties, Inc. by acquiring 10,316 shares in the first quarter of the year.
• The company reported $0.96 EPS for the last quarter, which was slightly below analysts' estimates, with revenue increasing by 3.8% year-over-year.
• A quarterly dividend of $0.78 has been declared, with a dividend yield of 6.5%, marking a payout ratio of 120.93%.

Evergreen Capital Management LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,316 shares of the real estate investment trust's stock, valued at approximately $525,000.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Gaming and Leisure Properties in the 1st quarter worth $26,000. Private Trust Co. NA bought a new stake in Gaming and Leisure Properties in the 1st quarter worth $28,000. TD Private Client Wealth LLC grew 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 acquiring an additional 213 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Gaming and Leisure Properties in the 1st quarter worth $33,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 618 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on GLPI. Wells Fargo & Company cut their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Macquarie cut their price target 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. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.69.

Gaming and Leisure Properties Trading Up 0.2%

Shares of NASDAQ:GLPI traded up $0.09 on Friday, hitting $48.43. The company had a trading volume of 2,724,917 shares, compared to its average volume of 1,504,955. The firm's 50-day simple moving average is $47.10 and its two-hundred day simple moving average is $47.80. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 10.40 and a beta of 0.73.

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 analysts' consensus estimates 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 business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same period last year, the business earned $0.94 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities analysts anticipate 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 firm also recently declared 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 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio (DPR) is 120.93%.

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.