Investment Management Corp of Ontario Increases Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Investment Management Corp of Ontario boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 1,483.1% in the 2nd quarter, Holdings Channel reports. The firm owned 123,323 shares of the real estate investment trust’s stock after purchasing an additional 115,533 shares during the period. Investment Management Corp of Ontario’s holdings in Gaming and Leisure Properties were worth $5,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties during the 2nd quarter worth $30,000. REAP Financial Group LLC raised its holdings 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 buying an additional 264 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $33,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Gaming and Leisure Properties during the second quarter worth about $39,000. Finally, Brooklyn Investment Group grew its holdings in shares of Gaming and Leisure Properties by 38.8% during the first quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 296 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

GLPI has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Scotiabank upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Barclays lowered their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Cantor Fitzgerald dropped their price objective 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, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus target price of $52.21.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm’s 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 in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $41.33 on Wednesday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 9.06 and a beta of 0.68. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $44.34 and a 200-day moving average of $46.05. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24.

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 for the quarter, beating the consensus estimate of $0.96 by $0.01. The firm had revenue of $397.61 million during 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% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is presently 113.04%.

Gaming and Leisure Properties Profile

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.