Caxton Associates LLP Has $1.81 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Caxton Associates LLP lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 89.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,709 shares of the real estate investment trust’s stock after purchasing an additional 19,190 shares during the period. Caxton Associates LLP’s holdings in Gaming and Leisure Properties were worth $1,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. LDR Capital Management LLC acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $2,392,000. Sound Income Strategies LLC lifted its position in shares of Gaming and Leisure Properties by 11.7% during the fourth quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after purchasing an additional 43,501 shares in the last quarter. Bayhunt Capital LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth approximately $14,811,000. GSA Capital Partners LLP grew its stake in shares of Gaming and Leisure Properties by 233.4% during the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after purchasing an additional 25,002 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Gaming and Leisure Properties by 36.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 193,123 shares of the real estate investment trust’s stock valued at $8,616,000 after purchasing an additional 51,663 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLPI. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 24th. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th. Wells Fargo & Company decreased their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. dropped their target price on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.27.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $45.17 on Friday. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $12.80 billion, a P/E ratio of 14.34, a PEG ratio of 2.00 and a beta of 0.66. The business has a 50-day moving average of $45.67 and a 200-day moving average of $46.24. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. Gaming and Leisure Properties’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.01 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.3%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 104.13%.

Gaming and Leisure Properties 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.