Gaming and Leisure Properties, Inc. $GLPI Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 23.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,611 shares of the real estate investment trust’s stock after selling 39,164 shares during the quarter. AQR Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $6,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GLPI. GF Fund Management CO. LTD. increased its stake in shares of Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 211 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 221 shares in the last quarter. Woodward Diversified Capital LLC increased its stake in Gaming and Leisure Properties by 5.8% during the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 243 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Gaming and Leisure Properties by 38.8% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective for the company. in a research note on Monday, July 21st. Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays cut their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 20th. Scotiabank boosted their price objective 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. Finally, Mizuho boosted 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. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.85.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $48.05 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The business has a 50 day simple moving average of $47.18 and a 200-day simple moving average of $47.76. The firm has a market capitalization of $13.60 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 10.53 and a beta of 0.73. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. Gaming and Leisure Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.78 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is 120.93%.

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.