Entropy Technologies LP Takes Position in Gaming and Leisure Properties, Inc. $GLPI

Entropy Technologies LP bought a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,253 shares of the real estate investment trust’s stock, valued at approximately $2,486,000.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its stake in shares of Gaming and Leisure Properties by 10.0% during the first quarter. CWM LLC now owns 4,148 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 378 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Gaming and Leisure Properties during the 1st quarter valued at $947,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Gaming and Leisure Properties during the 1st quarter valued at $12,114,000. Machina Capital S.A.S. purchased a new stake in Gaming and Leisure Properties during the 1st quarter valued at $773,000. Finally, Avantax Advisory Services Inc. grew its holdings in Gaming and Leisure Properties by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,279 shares of the real estate investment trust’s stock worth $1,439,000 after acquiring an additional 1,769 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated 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 trade represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GLPI has been the subject of several recent analyst reports. Macquarie lowered their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $54.00 in a research report on Monday, October 20th. Scotiabank lifted 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 report on Thursday, August 28th. Cantor Fitzgerald decreased their target price 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. Finally, Mizuho raised their price target on 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. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.38.

Gaming and Leisure Properties Stock Up 0.5%

Shares of NASDAQ:GLPI opened at $43.04 on Friday. The firm has a market capitalization of $12.18 billion, a P/E ratio of 15.59, a P/E/G ratio of 9.29 and a beta of 0.74. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The stock has a 50 day moving average price of $45.25 and a 200-day moving average price of $46.37. 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 issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) 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.