McElhenny Sheffield Capital Management LLC bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the real estate investment trust's stock, valued at approximately $1,867,000.
Other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC boosted its stake in Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Private Trust Co. NA acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $30,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 618 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Gaming and Leisure Properties
In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.26% of the company's stock.
Gaming and Leisure Properties Price Performance
NASDAQ:GLPI opened at $45.26 on Thursday. 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 firm has a market cap of $12.81 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 9.98 and a beta of 0.74. The company has a 50 day moving average price of $46.96 and a 200-day moving average price of $47.31. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.27.
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 earnings per share 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 firm had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same period last year, the firm earned $0.94 earnings per share. Gaming and Leisure Properties's revenue for the quarter 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. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.
Gaming and Leisure Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 120.93%.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Wednesday. Royal Bank Of Canada reduced 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. Mizuho raised 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 report 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 for the company. in a research report on Monday, July 21st. Finally, Scotiabank raised 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 report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.71.
Check Out Our Latest Stock Report on GLPI
Gaming and Leisure Properties Profile
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Free Report)
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.
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