Samalin Investment Counsel LLC Takes $200,000 Position in Gaming and Leisure Properties, Inc. $GLPI

Samalin Investment Counsel LLC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 4,290 shares of the real estate investment trust’s stock, valued at approximately $200,000.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. ProShare Advisors LLC lifted its holdings in Gaming and Leisure Properties by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 12,185 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 494 shares in the last quarter. CSM Advisors LLC raised its position in shares of Gaming and Leisure Properties by 1.3% in the second quarter. CSM Advisors LLC now owns 236,580 shares of the real estate investment trust’s stock valued at $11,040,000 after buying an additional 2,935 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Gaming and Leisure Properties by 8.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 434,087 shares of the real estate investment trust’s stock valued at $20,263,000 after buying an additional 33,014 shares during the last quarter. Aviva PLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth about $9,085,000. Finally, AGF Management Ltd. boosted its position in Gaming and Leisure Properties by 18.1% during the second quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock worth $3,046,000 after acquiring an additional 9,992 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the 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 transaction, the director directly 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 document filed with the SEC, which can be accessed through this hyperlink. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $44.98 on Tuesday. The company’s 50-day moving average is $45.99 and its two-hundred day moving average is $46.58. Gaming and Leisure Properties, Inc. has a 1-year low of $42.26 and a 1-year high of $52.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 9.75 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly 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. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.60 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue for the quarter 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. Analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLPI. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Stifel Nicolaus dropped their price target on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Macquarie reduced their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Royal Bank Of Canada lowered their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.50.

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.