Quadrant Capital Group LLC Has $979,000 Stake in Gaming and Leisure Properties, Inc. $GLPI

Quadrant Capital Group LLC increased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 107.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,982 shares of the real estate investment trust’s stock after purchasing an additional 10,864 shares during the period. Quadrant Capital Group LLC’s holdings in Gaming and Leisure Properties were worth $979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Freedom Investment Management Inc. lifted its stake in shares of Gaming and Leisure Properties by 4.6% in the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 261 shares in the last quarter. REAP Financial Group LLC raised its holdings in shares of 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. Whittier Trust Co. lifted its position in Gaming and Leisure Properties by 18.4% in the 2nd quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 265 shares in the last quarter. Brooklyn Investment Group boosted its stake in 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 purchasing an additional 296 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Gaming and Leisure Properties by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust’s stock valued at $4,013,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.5%

Shares of NASDAQ:GLPI opened at $43.54 on Monday. Gaming and Leisure Properties, Inc. has a 1 year low of $42.26 and a 1 year high of $52.27. The company has a market capitalization of $12.32 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 9.44 and a beta of 0.68. The business has a fifty day moving average price of $44.86 and a two-hundred day moving average price of $46.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share 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. Shareholders of record on Friday, December 5th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, December 5th. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

Wall Street Analyst Weigh In

GLPI has been the subject of several analyst reports. Scotiabank increased 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. Mizuho upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald dropped their price objective on 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. Barclays raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $51.00 to $54.00 in a report on Monday, October 20th. Finally, Stifel Nicolaus reduced their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.38.

Insiders Place Their Bets

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

Gaming and Leisure Properties Company 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.