Martingale Asset Management L P Acquires New Stake in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Martingale Asset Management L P has acquired a new stake in Gaming and Leisure Properties, purchasing 6,299 shares valued at approximately $321,000.
• Several other institutions increased their stakes, with notable increases from TD Private Client Wealth LLC by 64.2% and Cullen Frost Bankers Inc. by 1,872.7% during the first quarter.
• In its most recent quarterly report, Gaming and Leisure Properties missed EPS estimates with $0.96 reported versus $0.97 expected, but showed a year-over-year revenue increase of 3.8%.

Martingale Asset Management L P acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,299 shares of the real estate investment trust's stock, valued at approximately $321,000.

A number of other large investors have also modified their holdings of GLPI. XTX Topco Ltd purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $209,000. First Trust Advisors LP raised its stake in shares of Gaming and Leisure Properties by 70.0% during the 4th quarter. First Trust Advisors LP now owns 210,619 shares of the real estate investment trust's stock worth $10,143,000 after buying an additional 86,715 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Gaming and Leisure Properties by 21.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,572 shares of the real estate investment trust's stock worth $702,000 after buying an additional 2,611 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Gaming and Leisure Properties by 6.5% during the 4th quarter. Stifel Financial Corp now owns 172,808 shares of the real estate investment trust's stock worth $8,322,000 after buying an additional 10,494 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Gaming and Leisure Properties by 36.9% during the 4th quarter. Voya Investment Management LLC now owns 263,842 shares of the real estate investment trust's stock worth $12,707,000 after buying an additional 71,111 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded up $0.03 during mid-day trading on Friday, hitting $48.01. The stock had a trading volume of 2,326,360 shares, compared to its average volume of 1,666,689. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.60. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 10.44 and a beta of 0.73. The company has a 50 day simple moving average of $47.02 and a 200 day simple moving average of $47.81. 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 (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $397.27 million. During the same period in the previous year, the business posted $0.94 EPS. The business's quarterly revenue 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. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.78 per share. 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 dividend payout ratio (DPR) is presently 120.93%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Macquarie cut 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 cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their price objective on 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. Scotiabank raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Thursday. Finally, Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $52.69.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is currently owned by 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.