Advisors Asset Management Inc. Purchases 1,353 Shares of Gaming and Leisure Properties, Inc. $GLPI

Advisors Asset Management Inc. raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,001 shares of the real estate investment trust’s stock after acquiring an additional 1,353 shares during the quarter. Advisors Asset Management Inc.’s holdings in Gaming and Leisure Properties were worth $356,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock valued at $1,776,000 after acquiring an additional 905 shares during the period. Perigon Wealth Management LLC bought a new position in Gaming and Leisure Properties in the first quarter valued at about $217,000. Envestnet Asset Management Inc. lifted its holdings in Gaming and Leisure Properties by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust’s stock valued at $30,788,000 after acquiring an additional 16,617 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Gaming and Leisure Properties by 407.7% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock valued at $5,632,000 after acquiring an additional 88,858 shares during the period. Finally, Assetmark Inc. lifted its holdings in Gaming and Leisure Properties by 49.6% in the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 328 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GLPI. Wells Fargo & Company decreased their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Barclays decreased their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 20th. Macquarie decreased their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Mizuho raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Scotiabank raised their price objective 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 research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.85.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $48.41 on Friday. The stock has a market capitalization of $13.70 billion, a P/E ratio of 18.76, a P/E/G ratio of 10.45 and a beta of 0.73. The stock has a 50-day moving average price of $47.18 and a 200 day moving average price of $47.77. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.54.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 120.93%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.26% of the stock is owned by corporate insiders.

About Gaming and Leisure Properties

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.