Price T Rowe Associates Inc. MD Grows Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Gaming and Leisure Properties, Inc. by 1.7%, now owning approximately 4.77 million shares valued at $242.6 million.
• Several institutional investors have also made significant changes in their holdings of the stock, with 91.14% of the company's shares now held by hedge funds and other investors.
• Analysts have adjusted their price targets for Gaming and Leisure Properties, with most recent estimates averaging around $52.52 and a majority rating the stock as "Hold."

Price T Rowe Associates Inc. MD grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,766,108 shares of the real estate investment trust's stock after buying an additional 77,562 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.73% of Gaming and Leisure Properties worth $242,597,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at about $26,000. TD Private Client Wealth LLC grew its holdings 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 valued at $28,000 after buying an additional 213 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at about $28,000. Cullen Frost Bankers Inc. grew its holdings in shares of Gaming and Leisure Properties by 1,872.7% during the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 618 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at about $33,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of 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. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Macquarie lowered 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 research report on Monday, July 28th. Finally, Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. 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.com, Gaming and Leisure Properties has a consensus rating of "Hold" and a consensus price target of $52.69.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded up $0.09 during midday trading on Friday, hitting $48.07. The company's stock had a trading volume of 319,970 shares, compared to its average volume of 1,477,607. The stock has a fifty day moving average price of $46.99 and a 200 day moving average price of $47.83. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.60. 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 firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 10.43 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued 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 firm 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%. Gaming and Leisure Properties's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

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 paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.5%. 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.