Bank of Montreal Can Boosts Holdings in Gaming and Leisure Properties, Inc. $GLPI

Bank of Montreal Can boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 95.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,712 shares of the real estate investment trust’s stock after purchasing an additional 131,756 shares during the period. Bank of Montreal Can’s holdings in Gaming and Leisure Properties were worth $12,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Gaming and Leisure Properties by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust’s stock valued at $588,242,000 after buying an additional 349,065 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Gaming and Leisure Properties by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust’s stock valued at $242,597,000 after acquiring an additional 77,562 shares in the last quarter. Jennison Associates LLC grew its stake in Gaming and Leisure Properties by 8.1% in the second quarter. Jennison Associates LLC now owns 4,599,033 shares of the real estate investment trust’s stock worth $214,683,000 after purchasing an additional 346,462 shares during the period. Invesco Ltd. grew its position 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 buying an additional 2,530,463 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Gaming and Leisure Properties by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust’s stock valued at $167,642,000 after purchasing an additional 10,092 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

GLPI has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Mizuho upped their price objective 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. Cantor Fitzgerald decreased their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $54.00 in a research report on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Gaming and Leisure Properties Stock Up 1.7%

Shares of NASDAQ:GLPI opened at $44.95 on Friday. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 9.75 and a beta of 0.74. 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 company has a 50-day moving average price of $46.05 and a 200 day moving average price of $46.63. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results 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. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company had revenue of $397.60 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter in the prior year, the firm posted $0.95 EPS. Gaming and Leisure Properties’s quarterly revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities 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. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 113.04%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.26% of the stock is currently owned by insiders.

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.