Virtus Advisers LLC Makes New Investment in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Virtus Advisers LLC invested approximately $504,000 in Gaming and Leisure Properties, acquiring 9,892 shares in the first quarter.
• Gaming and Leisure Properties reported earnings of $0.96 per share for the last quarter, slightly missing the consensus estimate of $0.97.
• Five equity analysts rated GLPI as a "Buy" while six assigned a "Hold" rating, with an average target price of $52.52.

Virtus Advisers LLC purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,892 shares of the real estate investment trust's stock, valued at approximately $504,000.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in Gaming and Leisure Properties during the first quarter valued at approximately $26,000. TD Private Client Wealth LLC lifted its holdings in 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 purchasing an additional 213 shares in the last quarter. Private Trust Co. NA purchased a new position in Gaming and Leisure Properties during the first quarter valued at approximately $28,000. Cullen Frost Bankers Inc. lifted its holdings in 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 purchasing an additional 618 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Gaming and Leisure Properties during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded up $0.03 during trading hours on Thursday, hitting $47.98. 1,130,562 shares of the stock traded hands, compared to its average volume of 1,695,519. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 10.43 and a beta of 0.71. The firm's 50 day moving average price is $46.99 and its 200-day moving average price is $47.83. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

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 dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.26% of the company's stock.

Wall Street Analyst Weigh In

GLPI has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Thursday. Barclays cut their target price on shares of 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. Stifel Nicolaus cut 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 note on Monday, July 21st. Wells Fargo & Company reduced their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.69.

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.