CSM Advisors LLC Increases Stock Position in Gaming and Leisure Properties, Inc. $GLPI

CSM Advisors LLC raised its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,580 shares of the real estate investment trust’s stock after purchasing an additional 2,935 shares during the quarter. CSM Advisors LLC owned 0.08% of Gaming and Leisure Properties worth $11,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $151,723,000. Invesco Ltd. boosted its holdings in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after purchasing an additional 1,946,575 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $39,689,000. Finally, Millennium Management LLC lifted its position in Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock worth $49,216,000 after buying an additional 721,861 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GLPI shares. Cantor Fitzgerald decreased their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday. Macquarie reduced their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Mizuho boosted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Stifel Nicolaus cut their price target on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, Barclays upgraded 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. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.50.

Gaming and Leisure Properties Trading Up 1.7%

NASDAQ:GLPI opened at $44.95 on Friday. The firm has a market capitalization of $12.72 billion, a P/E ratio of 16.29, a P/E/G ratio of 9.75 and a beta of 0.74. 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 company has a fifty day moving average of $46.05 and a 200 day moving average of $46.63. Gaming and Leisure Properties, Inc. has a 52 week low of $42.26 and a 52 week high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $397.60 million for the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is presently 113.04%.

About Gaming and Leisure Properties

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.