Gateway Investment Advisers LLC Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Gateway Investment Advisers LLC increased its stake in Gaming and Leisure Properties by 45.2% by acquiring an additional 16,665 shares, bringing its total holdings to 53,561 shares worth approximately $2.5 million.
• Gaming and Leisure Properties reported a Q2 earnings per share of $0.96, slightly missing analyst expectations, and generated revenue of $394.9 million, down from a consensus estimate of $397.27 million.
• The company declared a quarterly dividend of $0.78 per share, yielding 6.6%, with the ex-dividend date set for September 12th.

Gateway Investment Advisers LLC boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 45.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,561 shares of the real estate investment trust's stock after purchasing an additional 16,665 shares during the period. Gateway Investment Advisers LLC's holdings in Gaming and Leisure Properties were worth $2,500,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Gaming and Leisure Properties by 334.8% in the 4th quarter. Millennium Management LLC now owns 245,064 shares of the real estate investment trust's stock worth $11,802,000 after acquiring an additional 188,702 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 12,836 shares of the real estate investment trust's stock worth $618,000 after purchasing an additional 875 shares during the period. Toronto Dominion Bank lifted its holdings in Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after buying an additional 905 shares during the period. Squarepoint Ops LLC grew its position in Gaming and Leisure Properties by 71.2% in the 4th quarter. Squarepoint Ops LLC now owns 38,619 shares of the real estate investment trust's stock worth $1,860,000 after purchasing an additional 16,058 shares during the period. Finally, Novem Group purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at $786,000. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Scotiabank boosted 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. Mizuho upped 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. 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. Finally, Royal Bank Of Canada decreased their price target 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 equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $52.85.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded down $0.55 on Friday, hitting $46.62. 5,067,927 shares of the company were exchanged, compared to its average volume of 1,937,248. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.27. The firm has a market capitalization of $13.19 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 10.14 and a beta of 0.73. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The stock's 50 day moving average price is $47.13 and its 200 day moving average price is $47.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results 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). The company had revenue of $394.90 million during the quarter, compared to analysts' expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Sell-side 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 disclosed 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. The ex-dividend date is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties's dividend payout ratio is currently 120.93%.

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.