Voya Investment Management LLC Acquires 22,944 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Voya Investment Management LLC increased its holdings in Gaming and Leisure Properties by 8.7% in Q1, now owning over 286,000 shares valued at approximately $14.6 million.
• Several institutional investors also boosted their stakes, contributing to a total of 91.14% institutional ownership of the company's stock.
• Gaming and Leisure Properties recently declared a quarterly dividend of $0.78 with an annual yield of 6.5%, despite a payout ratio exceeding 120%.

Voya Investment Management LLC raised its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,786 shares of the real estate investment trust's stock after purchasing an additional 22,944 shares during the period. Voya Investment Management LLC owned 0.10% of Gaming and Leisure Properties worth $14,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in Gaming and Leisure Properties in the 1st quarter valued at approximately $26,000. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth $28,000. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the first 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 first quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. grew its stake 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 period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 1.2%

Shares of Gaming and Leisure Properties stock traded down $0.55 during trading on Friday, reaching $46.62. 5,067,927 shares of the stock were exchanged, compared to its average volume of 1,937,248. 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 1 year low of $44.48 and a 1 year high of $52.27. The stock's fifty day moving average is $47.13 and its 200 day moving average is $47.66. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 10.26 and a beta of 0.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (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 business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. 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 research analysts expect 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 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. The ex-dividend date of this dividend 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 (DPR) is 120.93%.

Insider Buying and Selling at Gaming and Leisure Properties

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on GLPI shares. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a research report on Monday, July 21st. Scotiabank raised their price objective on 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. Macquarie reduced their target price on 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. Royal Bank Of Canada reduced 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. Finally, Mizuho raised their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Hold" and an average price target of $52.85.

Gaming and Leisure Properties 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.