Nomura Asset Management Co. Ltd. Boosts Stake in Gaming and Leisure Properties, Inc. $GLPI

Nomura Asset Management Co. Ltd. lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 473,587 shares of the real estate investment trust’s stock after acquiring an additional 17,152 shares during the period. Nomura Asset Management Co. Ltd. owned 0.17% of Gaming and Leisure Properties worth $22,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its stake in Gaming and Leisure Properties by 10.0% in the first 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 period. Ignite Planners LLC grew its position in shares of Gaming and Leisure Properties by 3.9% in the 1st quarter. Ignite Planners LLC now owns 12,885 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 480 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $947,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $12,114,000. Finally, Convergence Investment Partners LLC lifted its position in Gaming and Leisure Properties by 55.3% during the 1st quarter. Convergence Investment Partners LLC now owns 37,279 shares of the real estate investment trust’s stock valued at $1,898,000 after acquiring an additional 13,269 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’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 transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This 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 this hyperlink. Company insiders own 4.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GLPI shares. Macquarie decreased their target price 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. Stifel Nicolaus cut their price target on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a research note on Friday, October 31st. Mizuho lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reduced their price target 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.50.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $43.82 on Wednesday. The firm has a market cap of $12.40 billion, a P/E ratio of 15.88, a PEG ratio of 9.54 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 quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a 50 day moving average of $45.56 and a 200 day moving average of $46.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $397.61 million for 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%.The company’s revenue was up 3.2% compared to the same quarter last year. 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, research 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 was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 113.04%.

Gaming and Leisure Properties Company 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.