Neo Ivy Capital Management Invests $312,000 in Gaming and Leisure Properties, Inc. $GLPI

Neo Ivy Capital Management purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, HoldingsChannel reports. The fund purchased 6,676 shares of the real estate investment trust’s stock, valued at approximately $312,000.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Gaming and Leisure Properties by 10.0% in the 1st quarter. CWM LLC now owns 4,148 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 378 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Gaming and Leisure Properties during the first quarter worth about $947,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Gaming and Leisure Properties during the first quarter worth about $12,114,000. Avantax Advisory Services Inc. grew its stake in Gaming and Leisure Properties by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 28,279 shares of the real estate investment trust’s stock worth $1,439,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Gaming and Leisure Properties by 11.0% in the first quarter. Cetera Investment Advisers now owns 68,568 shares of the real estate investment trust’s stock valued at $3,490,000 after buying an additional 6,768 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Up 0.5%

Shares of Gaming and Leisure Properties stock opened at $43.04 on Friday. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 9.34 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a twelve month low of $42.26 and a twelve month high of $52.27. 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 business’s 50 day simple moving average is $45.25 and its 200-day simple moving average is $46.37.

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 business had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business’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 firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 7.2%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Macquarie reduced their target price on 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. Barclays upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $51.00 to $54.00 in a report on Monday, October 20th. Mizuho raised 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. Stifel Nicolaus decreased their price objective on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a report on Friday, October 31st. Finally, Scotiabank boosted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus price target of $52.38.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.26% of the stock is currently owned by company 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.