XTX Topco Ltd Increases Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Key Points

• XTX Topco Ltd increased its stake in Gaming and Leisure Properties, Inc. by 482.4% during the first quarter, expanding its holdings to 25,310 shares valued at approximately $1.29 million.
• Several large investors modified their stakes in Gaming and Leisure Properties, including Dodge & Cox, which increased its investment by 75.3%.
• Gaming and Leisure Properties announced a quarterly dividend of $0.78 per share, reflecting an increase from the previous dividend of $0.76, with a current yield of 6.8%.

XTX Topco Ltd raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 482.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,310 shares of the real estate investment trust's stock after buying an additional 20,964 shares during the period. XTX Topco Ltd's holdings in Gaming and Leisure Properties were worth $1,288,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in Gaming and Leisure Properties in the first quarter valued at $26,000. TD Private Client Wealth LLC increased its stake in Gaming and Leisure Properties by 64.2% in 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 bought a new stake in Gaming and Leisure Properties in the first quarter valued at $28,000. Cullen Frost Bankers Inc. increased its stake in Gaming and Leisure Properties by 1,872.7% in 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 bought a new stake in Gaming and Leisure Properties in the first quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Analyst Upgrades and Downgrades

GLPI has been the subject of several recent research reports. Royal Bank Of Canada decreased their target price 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. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Mizuho decreased their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Macquarie decreased their target price 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus target price of $53.16.

Gaming and Leisure Properties Stock Up 2.0%

Gaming and Leisure Properties stock traded up $0.93 during midday trading on Monday, hitting $47.08. 1,846,104 shares of the stock were exchanged, compared to its average volume of 1,860,674. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.60. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 10.03 and a beta of 0.71. The business's 50-day moving average price is $46.88 and its 200-day moving average price is $48.05. 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 earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during 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%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties's payout ratio is currently 120.93%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.26% of the company's stock.

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.