Polaris Capital Management LLC Decreases Position in Gaming and Leisure Properties, Inc. $GLPI

Polaris Capital Management LLC trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 597,800 shares of the real estate investment trust’s stock after selling 36,200 shares during the quarter. Gaming and Leisure Properties makes up 1.9% of Polaris Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Polaris Capital Management LLC owned approximately 0.22% of Gaming and Leisure Properties worth $27,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GLPI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Gaming and Leisure Properties by 6.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,330 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 744 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Gaming and Leisure Properties by 6,600.2% in the first quarter. GAMMA Investing LLC now owns 189,348 shares of the real estate investment trust’s stock worth $9,638,000 after acquiring an additional 186,522 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 92.0% in the first quarter. Parallel Advisors LLC now owns 4,127 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 1,978 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Gaming and Leisure Properties by 116,771.4% in the first quarter. NBC Securities Inc. now owns 8,181 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 8,174 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of Gaming and Leisure Properties by 7.4% in the first quarter. Merit Financial Group LLC now owns 11,730 shares of the real estate investment trust’s stock worth $597,000 after acquiring an additional 804 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $46.87 on Friday. The stock has a 50-day moving average price of $46.97 and a two-hundred day moving average price of $47.41. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.27. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market cap of $13.26 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 10.12 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $397.27 million. During the same period last year, the firm posted $0.94 EPS. Gaming and Leisure Properties’s revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.78 per share. 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 payout ratio is 120.93%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a report on Monday, July 21st. Barclays dropped their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 20th. Scotiabank upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Mizuho upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald assumed coverage on Gaming and Leisure Properties in a research note on Wednesday. They issued a “neutral” rating and a $51.00 target price for the company. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.71.

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.