Squarepoint Ops LLC Takes $5.74 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Squarepoint Ops LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the second quarter, according to its most recent filing with the SEC. The fund bought 128,807 shares of the real estate investment trust’s stock, valued at approximately $5,736,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP raised its position in Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after acquiring an additional 125,098 shares during the period. Cerity Partners LLC grew its position in shares of Gaming and Leisure Properties by 18.6% during the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,608 shares during the period. Bank of Nova Scotia increased its stake in shares of Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 2,646 shares during the last quarter. AXA S.A. increased its stake in shares of Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Gaming and Leisure Properties by 103.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 537,659 shares of the real estate investment trust’s stock worth $25,098,000 after purchasing an additional 272,758 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Earl C. Shanks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GLPI shares. Wells Fargo & Company dropped their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Mizuho lowered their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 2nd. Royal Bank Of Canada dropped their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $49.27.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $40.24 on Friday. The firm’s 50 day moving average is $43.42 and its 200 day moving average is $45.63. The stock has a market capitalization of $11.71 billion, a P/E ratio of 11.80, a PEG ratio of 1.71 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a 12 month low of $40.01 and a 12 month high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same period in the previous year, the business earned $0.96 EPS. Gaming and Leisure Properties’s revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.82 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.2%. Gaming and Leisure Properties’s payout ratio is 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.