Abel Hall LLC Makes New $289,000 Investment in Gaming and Leisure Properties, Inc. $GLPI

Abel Hall LLC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 6,190 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Gaming and Leisure Properties by 6.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,330 shares of the real estate investment trust’s stock valued at $594,000 after purchasing an additional 744 shares during the period. UMB Bank n.a. raised its position in shares of Gaming and Leisure Properties by 133.1% in the first quarter. UMB Bank n.a. now owns 3,189 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 1,821 shares during the period. OLD National Bancorp IN bought a new position in shares of Gaming and Leisure Properties in the first quarter valued at about $204,000. Farther Finance Advisors LLC raised its position in shares of Gaming and Leisure Properties by 210.9% in the first quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 1,413 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Gaming and Leisure Properties by 31.6% in the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 894 shares during the period. 91.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLPI. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $51.00 price objective on the stock. Finally, Mizuho increased 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. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.71.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $45.26 on Thursday. Gaming and Leisure Properties, Inc. has a 52 week low of $44.48 and a 52 week high of $52.27. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 9.98 and a beta of 0.74. The firm’s 50-day simple moving average is $46.96 and its 200 day simple moving average is $47.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39.

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

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 120.93%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is owned by insiders.

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.