17,849 Shares in Gaming and Leisure Properties, Inc. $GLPI Purchased by StoneX Group Inc.

StoneX Group Inc. bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the third quarter, Holdings Channel reports. The firm bought 17,849 shares of the real estate investment trust’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $1,596,811,000. Deutsche Bank AG bought a new stake in Gaming and Leisure Properties during the 2nd quarter valued at approximately $151,300,000. Bank of New York Mellon Corp bought a new stake in Gaming and Leisure Properties during the 2nd quarter valued at approximately $111,960,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Gaming and Leisure Properties by 146,315.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,443,672 shares of the real estate investment trust’s stock valued at $108,817,000 after purchasing an additional 2,442,003 shares during the period. Finally, Bamco Inc. NY acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at approximately $82,120,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Morgan Stanley reduced their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Piper Sandler raised shares of Gaming and Leisure Properties to a “buy” rating in a research report on Friday, October 2nd. Finally, Barclays dropped their target price on shares of Gaming and Leisure Properties from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.36.

Insider Activity at Gaming and Leisure Properties

In other news, Director Earl C. Shanks acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director owned 107,259 shares of the company’s stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.5%

NASDAQ GLPI opened at $39.24 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 5.38 and a current ratio of 5.38. The firm has a 50-day simple moving average of $39.42 and a 200 day simple moving average of $44.28. Gaming and Leisure Properties, Inc. has a twelve month low of $37.33 and a twelve month high of $49.95. The stock has a market cap of $11.42 billion, a PE ratio of 12.00, a PEG ratio of 2.02 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $435.45 million for the quarter, compared to analyst estimates of $436.30 million. During the same period last year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 4.02 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

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

Gaming and Leisure Properties Profile

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.