Polaris Capital Management LLC Decreases Position in Gaming and Leisure Properties, Inc. $GLPI

Polaris Capital Management LLC decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 597,800 shares of the real estate investment trust’s stock after selling 36,200 shares during the period. Gaming and Leisure Properties makes up 1.9% of Polaris Capital Management LLC’s portfolio, making the stock its 28th biggest position. Polaris Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $27,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $33,000. Vanderbilt University boosted its position in shares of Gaming and Leisure Properties by 112.2% in the second quarter. Vanderbilt University now owns 66,617 shares of the real estate investment trust’s stock worth $3,110,000 after buying an additional 35,225 shares during the period. Woodward Diversified Capital LLC boosted its holdings in Gaming and Leisure Properties by 44.3% in the second quarter. Woodward Diversified Capital LLC now owns 6,351 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 1,949 shares during the last quarter. Ninety One SA PTY Ltd purchased a new position in Gaming and Leisure Properties in the second quarter valued at about $255,000. Finally, Ninety One UK Ltd boosted its holdings in Gaming and Leisure Properties by 34.5% in the second quarter. Ninety One UK Ltd now owns 2,101,197 shares of the real estate investment trust’s stock valued at $98,084,000 after purchasing an additional 538,554 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the 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 sale, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GLPI shares. Mizuho increased their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald started coverage on Gaming and Leisure Properties in a report on Wednesday. They issued a “neutral” rating and a $51.00 price target for the company. Scotiabank increased their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Saturday, September 27th. Finally, Macquarie reduced their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.71.

Gaming and Leisure Properties Trading Up 0.6%

Shares of NASDAQ GLPI opened at $46.87 on Friday. The stock’s 50 day moving average price is $46.97 and its two-hundred day moving average price is $47.41. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.27. The stock has a market capitalization of $13.26 billion, a P/E ratio of 18.17, a PEG ratio of 10.12 and a beta of 0.74. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same quarter in the previous year, the company earned $0.94 EPS. The company’s quarterly 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. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 120.93%.

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.