Quantbot Technologies LP Acquires New Holdings in Gaming and Leisure Properties, Inc. $GLPI

Quantbot Technologies LP bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 13,821 shares of the real estate investment trust’s stock, valued at approximately $645,000.

Several other large investors have also recently bought and sold shares of GLPI. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter worth $30,000. REAP Financial Group LLC increased its stake in Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 264 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $33,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $39,000. Finally, Brooklyn Investment Group boosted its position in shares of Gaming and Leisure Properties by 38.8% during the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 296 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GLPI shares. Cantor Fitzgerald lowered 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 research note on Thursday, November 6th. Mizuho raised their price objective on shares of 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. Barclays dropped their price objective 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. Stifel Nicolaus reduced their target price on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a research note on Friday, October 31st. Finally, Scotiabank lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus target price of $52.21.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the transaction, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $41.33 on Wednesday. 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 52-week low of $41.17 and a 52-week high of $52.24. The company has a fifty day moving average of $44.34 and a 200-day moving average of $46.05. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 9.06 and a beta of 0.68.

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

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.5%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Gaming and Leisure Properties 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.