Ninety One SA PTY Ltd Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Ninety One SA PTY Ltd purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,500 shares of the real estate investment trust’s stock, valued at approximately $255,000.

A number of other institutional investors have also recently bought and sold shares of GLPI. Ninety One UK Ltd lifted its stake in Gaming and Leisure Properties by 34.5% during the second quarter. Ninety One UK Ltd now owns 2,101,197 shares of the real estate investment trust’s stock worth $98,084,000 after purchasing an additional 538,554 shares during the period. Raleigh Capital Management Inc. raised its stake in Gaming and Leisure Properties by 17.2% during the second quarter. Raleigh Capital Management Inc. now owns 9,074 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 1,334 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties during the second quarter valued at $30,000. Sound Income Strategies LLC lifted its holdings in shares of Gaming and Leisure Properties by 8.9% during the second quarter. Sound Income Strategies LLC now owns 352,420 shares of the real estate investment trust’s stock valued at $16,451,000 after acquiring an additional 28,894 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Gaming and Leisure Properties by 18.8% in the 2nd quarter. Signaturefd LLC now owns 4,149 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.6%

Shares of GLPI opened at $46.61 on Wednesday. The business’s fifty day moving average price is $46.98 and its two-hundred day moving average price is $47.46. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 10.19 and a beta of 0.73. 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 debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39.

Gaming and Leisure Properties (NASDAQ:GLPI) 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). 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 during the quarter, compared to analyst estimates of $397.27 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. Gaming and Leisure Properties’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. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLPI shares. Barclays dropped 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 research report on Wednesday, August 20th. Macquarie cut 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 note on Monday, July 28th. Scotiabank boosted their target price 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. Royal Bank Of Canada decreased their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Mizuho lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.85.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by corporate insiders.

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.