FJ Capital Management LLC Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• FJ Capital Management LLC has acquired a new position in Gaming and Leisure Properties, purchasing 6,948 shares valued at approximately $354,000.
• The company recently reported $0.96 earnings per share, slightly missing analysts' expectations, while experiencing a year-over-year revenue increase of 3.8%.
• A quarterly dividend of $0.78 will be paid on September 26th, representing an annual yield of 6.5%, with a reported payout ratio of 120.93%.

FJ 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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,948 shares of the real estate investment trust's stock, valued at approximately $354,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Gaming and Leisure Properties by 1.5% during the first quarter. Royal Bank of Canada now owns 466,403 shares of the real estate investment trust's stock worth $23,741,000 after buying an additional 6,869 shares during the last quarter. Quarry LP increased its position in Gaming and Leisure Properties by 33.0% during the first quarter. Quarry LP now owns 1,302 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 323 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $525,000. The Manufacturers Life Insurance Company boosted its position in Gaming and Leisure Properties by 15.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 304,114 shares of the real estate investment trust's stock worth $15,479,000 after buying an additional 39,706 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in Gaming and Leisure Properties by 41.1% during the 1st quarter. Landscape Capital Management L.L.C. now owns 14,238 shares of the real estate investment trust's stock worth $725,000 after purchasing an additional 4,149 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Price Performance

GLPI traded up $0.09 during midday trading on Friday, hitting $48.43. The stock had a trading volume of 2,850,009 shares, compared to its average volume of 1,509,963. The company has a market cap of $13.71 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 10.40 and a beta of 0.73. The business has a fifty day moving average of $47.10 and a 200 day moving average of $47.80. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data 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). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same period last year, the company posted $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. As a group, equities analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.78 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.4%. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was 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 in the company, valued at $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.26% of the company's stock.

Analysts Set New Price Targets

GLPI has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Macquarie cut their price objective 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. 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. Mizuho lowered their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a research report on Monday, July 21st. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Hold" and a consensus price target of $52.69.

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.