Pacer Advisors Inc. Raises Position in Gaming and Leisure Properties, Inc. $GLPI

Pacer Advisors Inc. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 691,400.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,405 shares of the real estate investment trust’s stock after acquiring an additional 48,398 shares during the period. Pacer Advisors Inc.’s holdings in Gaming and Leisure Properties were worth $2,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at approximately $30,000. REAP Financial Group LLC boosted its stake in shares of Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter valued at $33,000. Elevation Point Wealth Partners LLC purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth $39,000. Finally, Bay Harbor Wealth Management LLC increased its stake in Gaming and Leisure Properties by 45.4% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.8%

Shares of Gaming and Leisure Properties stock opened at $45.05 on Wednesday. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a market cap of $12.75 billion, a P/E ratio of 16.32 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. The business has a 50-day moving average price of $44.02 and a 200 day moving average price of $45.81.

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 the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.Gaming and Leisure Properties’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction 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 sale, the director owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GLPI shares. Morgan Stanley upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Cantor Fitzgerald reduced their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.89.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.