Focus Partners Wealth Lowers Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Focus Partners Wealth lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,967 shares of the real estate investment trust’s stock after selling 1,414 shares during the quarter. Focus Partners Wealth’s holdings in Gaming and Leisure Properties were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Gaming and Leisure Properties by 731.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after purchasing an additional 1,946,575 shares in the last quarter. Caxton Associates LLP purchased a new stake in Gaming and Leisure Properties in the 1st quarter valued at approximately $1,154,000. Everstar Asset Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $2,602,000. Presima Securities ULC boosted its stake in shares of Gaming and Leisure Properties by 10.0% during the 1st quarter. Presima Securities ULC now owns 746,719 shares of the real estate investment trust’s stock worth $38,008,000 after acquiring an additional 67,632 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Gaming and Leisure Properties by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust’s stock worth $4,013,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several research analyst reports. Scotiabank boosted their price target 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. Wells Fargo & Company decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Barclays decreased their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 20th. Mizuho boosted their price target 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. Finally, Royal Bank Of Canada decreased their price target 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.85.

Gaming and Leisure Properties Trading Down 1.3%

Shares of GLPI opened at $47.18 on Wednesday. The stock has a fifty day moving average of $47.18 and a two-hundred day moving average of $47.71. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The company has a market capitalization of $13.35 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 10.40 and a beta of 0.73. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.27.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.78 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 6.6%. Gaming and Leisure Properties’s payout ratio is 120.93%.

Insiders Place Their Bets

In other news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.26% of the company’s stock.

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.