Gaming and Leisure Properties, Inc. $GLPI Shares Newly Bought by StoneX Group Inc.

StoneX Group Inc. purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,849 shares of the real estate investment trust’s stock, valued at approximately $678,000.

Other hedge funds have also made changes to their positions in the company. Lasalle Investment Management Securities LLC lifted its position in Gaming and Leisure Properties by 17.0% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after buying an additional 334,933 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Gaming and Leisure Properties by 29.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 472,446 shares of the real estate investment trust’s stock valued at $21,038,000 after buying an additional 108,741 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at $41,756,000. Squarepoint Ops LLC acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at $5,736,000. Finally, Bank of America Corp DE purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter valued at $54,270,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GLPI shares. Mizuho dropped their price target on shares of 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. Piper Sandler raised Gaming and Leisure Properties to a “buy” rating in a research report on Friday, October 2nd. Raymond James Financial restated an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, Cantor Fitzgerald dropped their target price on Gaming and Leisure Properties from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.36.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $39.24 on Wednesday. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $11.42 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.02 and a beta of 0.64. The company has a 50 day moving average price of $39.42 and a two-hundred day moving average price of $44.28. Gaming and Leisure Properties, Inc. has a 12-month low of $37.33 and a 12-month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). Gaming and Leisure Properties had a return on equity of 18.16% and a net margin of 55.71%. The business had revenue of $435.45 million for the quarter, compared to analyst estimates of $436.30 million. During the same quarter last year, the company earned $0.97 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 4.02 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.82 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.4%. Gaming and Leisure Properties’s dividend payout ratio is currently 100.31%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust focused on owning properties used by gaming and leisure businesses. The company leases its properties to casino operators, which generally manage the gaming and hospitality operations. GLPI was established in 2013 as a spin-off from Penn National Gaming, now known as PENN Entertainment. Its portfolio includes casino and related entertainment properties in multiple U.S. states, and the company grows through property acquisitions, lease arrangements and development financing.