Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management significantly increased its stake in Gaming and Leisure Properties, Inc. by 731.7% in the first quarter, owning over 2.2 million shares valued at approximately $112.6 million.
• The company recently announced a quarterly dividend of $0.78 per share, representing an annualized yield of 6.5%, along with a payout ratio of 120.93%.
• Analysts have mixed views on the stock, with some downgrading their ratings and adjusting price targets, resulting in an average target price of $52.85.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 731.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,212,612 shares of the real estate investment trust's stock after purchasing an additional 1,946,575 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.81% of Gaming and Leisure Properties worth $112,622,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Gaming and Leisure Properties by 2.5% during the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after purchasing an additional 905 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $217,000. Envestnet Asset Management Inc. boosted its position in shares of Gaming and Leisure Properties by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock worth $30,788,000 after purchasing an additional 16,617 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Gaming and Leisure Properties by 407.7% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust's stock worth $5,632,000 after purchasing an additional 88,858 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Gaming and Leisure Properties by 49.6% during the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Down 1.3%

Shares of Gaming and Leisure Properties stock traded down $0.64 on Tuesday, reaching $47.18. 1,520,035 shares of the company were exchanged, compared to its average volume of 1,530,222. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.27. The company has a market cap of $13.35 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 10.45 and a beta of 0.73. 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's 50 day moving average price is $47.19 and its 200-day moving average price is $47.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The business's quarterly revenue 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 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

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 issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of recent research reports. Mizuho boosted their price target 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. 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 research note on Monday, July 21st. Scotiabank boosted 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 research note on Thursday, August 28th. Royal Bank Of Canada cut their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Finally, 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 research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $52.85.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.26% of the stock is owned by company insiders.

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.