CSM Advisors LLC Buys 2,935 Shares of Gaming and Leisure Properties, Inc. $GLPI

CSM Advisors LLC lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,580 shares of the real estate investment trust’s stock after buying an additional 2,935 shares during the quarter. CSM Advisors LLC’s holdings in Gaming and Leisure Properties were worth $11,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 213 shares during the period. Woodward Diversified Capital LLC boosted its position in shares of Gaming and Leisure Properties by 5.8% during the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 243 shares in the last quarter. Freedom Investment Management Inc. boosted its position in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 261 shares in the last quarter. REAP Financial Group LLC grew its stake in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the period. Finally, Whittier Trust Co. raised its holdings in Gaming and Leisure Properties by 18.4% in the second quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 265 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research reports. Scotiabank boosted their target price 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, August 28th. Royal Bank Of Canada lowered their price target 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. Stifel Nicolaus cut their price objective on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald decreased their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $51.00 to $54.00 in a research report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus target price of $52.50.

Gaming and Leisure Properties Stock Up 1.7%

NASDAQ:GLPI opened at $44.95 on Friday. The firm has a market cap of $12.72 billion, a P/E ratio of 16.29, a P/E/G ratio of 9.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.26 and a fifty-two week high of $52.27. The firm has a 50-day simple moving average of $46.05 and a two-hundred day simple moving average of $46.63.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.60 million for the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the sale, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.26% of the company’s stock.

About Gaming and Leisure Properties

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.