Caxton Associates LLP Acquires 19,190 Shares of Gaming and Leisure Properties, Inc. $GLPI

Caxton Associates LLP lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 89.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,709 shares of the real estate investment trust’s stock after purchasing an additional 19,190 shares during the quarter. Caxton Associates LLP’s holdings in Gaming and Leisure Properties were worth $1,806,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GLPI. Inceptionr LLC increased its stake in Gaming and Leisure Properties by 218.5% during the 1st quarter. Inceptionr LLC now owns 38,682 shares of the real estate investment trust’s stock worth $1,716,000 after purchasing an additional 26,537 shares in the last quarter. Bank of Nova Scotia lifted its stake in Gaming and Leisure Properties by 1.0% in the first quarter. Bank of Nova Scotia now owns 29,602 shares of the real estate investment trust’s stock valued at $1,313,000 after buying an additional 284 shares in the last quarter. Sei Investments Co. lifted its stake in Gaming and Leisure Properties by 36.3% in the first quarter. Sei Investments Co. now owns 959,895 shares of the real estate investment trust’s stock valued at $42,591,000 after buying an additional 255,486 shares in the last quarter. Lido Advisors LLC lifted its stake in Gaming and Leisure Properties by 23.8% in the first quarter. Lido Advisors LLC now owns 6,528 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 1,256 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Gaming and Leisure Properties by 13.4% in the first quarter. Cetera Investment Advisers now owns 55,248 shares of the real estate investment trust’s stock valued at $2,451,000 after buying an additional 6,507 shares during the period. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.7%

NASDAQ GLPI opened at $45.17 on Friday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The stock’s 50 day moving average price is $45.67 and its two-hundred day moving average price is $46.24. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.00 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The company had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same period last year, the business earned $0.96 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.82 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s payout ratio is presently 104.13%.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the transaction, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.11% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Stifel Nicolaus set a $50.00 target price on Gaming and Leisure Properties in a report on Friday, April 24th. Finally, Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus price target of $51.27.

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.