5,668 Shares in Gaming and Leisure Properties, Inc. $GLPI Acquired by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp has acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) worth approximately $289,000, adding 5,668 shares during the first quarter.
• Several other institutional investors also made adjustments to their positions in GLPI, with 91.14% of the stock currently owned by these entities.
• Gaming and Leisure Properties recently announced a quarterly dividend of $0.78 per share, indicating an annualized yield of 6.4%.

Hancock Whitney Corp bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,668 shares of the real estate investment trust's stock, valued at approximately $289,000.

A number of other institutional investors have also modified their holdings of GLPI. Toronto Dominion Bank grew its stake in 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 in the last quarter. Perigon Wealth Management LLC acquired a new position in Gaming and Leisure Properties during the 1st quarter worth $217,000. Envestnet Asset Management Inc. grew its stake in 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in 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 in the last quarter. Finally, Assetmark Inc. grew its stake in 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 in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the business'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 transaction, the director owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock traded down $0.36 on Friday, hitting $48.05. The stock had a trading volume of 2,422,022 shares, compared to its average volume of 1,986,190. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.27. 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 has a market cap of $13.60 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 10.53 and a beta of 0.73. The company's 50 day moving average price is $47.18 and its 200 day moving average price is $47.74.

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). The company had revenue of $394.90 million for 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 firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties's payout ratio is presently 120.93%.

Analysts Set New Price Targets

Several research firms recently commented on GLPI. Macquarie lowered their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Barclays decreased their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a report on Wednesday, August 20th. Royal Bank Of Canada decreased their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a report on Monday, July 21st. Finally, Scotiabank lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.