Cwm LLC Has $1.35 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

Cwm LLC boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 375.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,967 shares of the real estate investment trust’s stock after purchasing an additional 22,878 shares during the quarter. Cwm LLC’s holdings in Gaming and Leisure Properties were worth $1,350,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Norges Bank bought a new position in Gaming and Leisure Properties during the second quarter worth about $175,169,000. Balyasny Asset Management L.P. acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $124,785,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock worth $112,622,000 after acquiring an additional 1,946,575 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Gaming and Leisure Properties by 375.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock worth $62,049,000 after acquiring an additional 1,049,863 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Gaming and Leisure Properties during the second quarter valued at approximately $39,689,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $44.42 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 16.09 and a beta of 0.67. The stock’s 50-day moving average is $43.99 and its 200-day moving average is $45.78. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a report on Monday, December 15th. Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Barclays decreased their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Cantor Fitzgerald dropped their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.89.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.