168,206 Shares in Gaming and Leisure Properties, Inc. $GLPI Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the second quarter, Holdings Channel reports. The fund acquired 168,206 shares of the real estate investment trust’s stock, valued at approximately $7,852,000.

Several other hedge funds also recently added to or reduced their stakes in GLPI. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Gaming and Leisure Properties by 407.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock worth $5,632,000 after purchasing an additional 88,858 shares during the last quarter. AGF Management Ltd. increased its holdings in Gaming and Leisure Properties by 18.1% in the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock valued at $3,046,000 after buying an additional 9,992 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Gaming and Leisure Properties by 6.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 160,151 shares of the real estate investment trust’s stock valued at $8,092,000 after buying an additional 9,130 shares in the last quarter. FJ Capital Management LLC bought a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $354,000. Finally, Royal Bank of Canada lifted its holdings in Gaming and Leisure Properties by 1.5% during the 1st quarter. Royal Bank of Canada now owns 466,403 shares of the real estate investment trust’s stock worth $23,741,000 after buying an additional 6,869 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $41.89 on Thursday. The firm has a fifty day moving average of $44.24 and a 200-day moving average of $46.02. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 8.94 and a beta of 0.68. 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 1 year low of $41.17 and a 1 year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, December 5th. Gaming and Leisure Properties’s payout ratio is 113.04%.

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.26% of the company’s stock.

Analyst Ratings Changes

GLPI has been the subject of a number of research analyst reports. Mizuho boosted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Stifel Nicolaus lowered their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Cantor Fitzgerald dropped their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.21.

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.