Virtus Advisers LLC Takes $504,000 Position 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 acquired a new position 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 firm acquired 9,892 shares of the real estate investment trust's stock, valued at approximately $504,000.

Several other hedge funds also recently made changes to their positions in GLPI. Alpine Bank Wealth Management purchased a new position in shares of Gaming and Leisure Properties during the first quarter worth about $26,000. Private Trust Co. NA purchased a new position in shares of Gaming and Leisure Properties during the first quarter worth about $28,000. 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 worth $28,000 after buying an additional 213 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Gaming and Leisure Properties during the first quarter worth about $33,000. Finally, 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 worth $33,000 after buying an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, 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 is accessible through the SEC website. Insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded up $0.03 during mid-day trading on Friday, reaching $48.01. The stock had a trading volume of 2,326,360 shares, compared to its average volume of 1,651,835. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 10.44 and a beta of 0.71. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.60. The business has a 50 day simple moving average of $47.02 and a 200 day simple moving average of $47.82.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The firm 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%. Gaming and Leisure Properties's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

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

Analyst Ratings Changes

GLPI has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 20th. Royal Bank Of Canada lowered their price target on 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 lowered 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. Finally, Macquarie reduced their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.69.

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.