Ninety One UK Ltd Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Ninety One UK Ltd raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 34.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,101,197 shares of the real estate investment trust’s stock after purchasing an additional 538,554 shares during the period. Ninety One UK Ltd owned 0.76% of Gaming and Leisure Properties worth $98,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its stake in Gaming and Leisure Properties by 17.2% in the second quarter. Raleigh Capital Management Inc. now owns 9,074 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 1,334 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties in the second quarter worth about $30,000. Sound Income Strategies LLC boosted its holdings in Gaming and Leisure Properties by 8.9% in the second quarter. Sound Income Strategies LLC now owns 352,420 shares of the real estate investment trust’s stock worth $16,451,000 after acquiring an additional 28,894 shares in the last quarter. Signaturefd LLC boosted its holdings in Gaming and Leisure Properties by 18.8% in the second quarter. Signaturefd LLC now owns 4,149 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 656 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Gaming and Leisure Properties by 0.3% in the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,264,391 shares of the real estate investment trust’s stock worth $59,022,000 after acquiring an additional 3,932 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.6%

Gaming and Leisure Properties stock opened at $46.61 on Wednesday. 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, Inc. has a 52 week low of $44.48 and a 52 week high of $52.27. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 10.19 and a beta of 0.73. The stock has a 50-day moving average price of $46.98 and a 200 day moving average price of $47.46.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results 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). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same period last year, the firm earned $0.94 EPS. The company’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. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 120.93%.

Analysts Set New Price Targets

Several brokerages have weighed in on GLPI. Scotiabank raised their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Barclays lowered their price target on 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. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Macquarie lowered their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Finally, Mizuho lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.85.

Insiders Place Their Bets

In related 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 stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.