EWG Elevate Inc. Purchases 8,245 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• EWG Elevate Inc. increased its stake in Gaming and Leisure Properties, Inc. by 28.1%, acquiring an additional 8,245 shares, bringing its total holdings to 37,548 shares valued at approximately $1.75 million.
• Several institutional investors, including Cullen Frost Bankers Inc. and TD Private Client Wealth LLC, have significantly boosted their positions in Gaming and Leisure Properties during the first quarter.
• Gaming and Leisure Properties declared a quarterly dividend of $0.78 per share, which will yield an annualized amount of $3.12 and a dividend yield of 6.7% for stockholders of record.

EWG Elevate Inc. raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 28.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,548 shares of the real estate investment trust's stock after purchasing an additional 8,245 shares during the period. EWG Elevate Inc.'s holdings in Gaming and Leisure Properties were worth $1,753,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GLPI. Alpine Bank Wealth Management bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $26,000. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $28,000. TD Private Client Wealth LLC boosted its stake in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 213 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in Gaming and Leisure Properties in the first quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. grew its position 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. Institutional investors and hedge funds own 91.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLPI. Stifel Nicolaus cut shares of 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. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Mizuho boosted their target price on shares of 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. Finally, Macquarie lowered their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.85.

Gaming and Leisure Properties Stock Up 1.3%

Gaming and Leisure Properties stock opened at $46.37 on Wednesday. The firm has a 50 day moving average price of $47.07 and a 200-day moving average price of $47.59. 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, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27. The company has a market capitalization of $13.12 billion, a P/E ratio of 17.97, a P/E/G ratio of 9.95 and a beta of 0.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 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 analysts' expectations of $397.27 million. During the same quarter in the previous year, the company posted $0.94 EPS. Gaming and Leisure Properties's revenue for the quarter 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. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. Gaming and Leisure Properties's dividend payout ratio is presently 120.93%.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of the business's 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 directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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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