UMB Bank n.a. Has $99,000 Holdings in Gaming and Leisure Properties, Inc. $GLPI

UMB Bank n.a. cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 33.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,115 shares of the real estate investment trust’s stock after selling 1,074 shares during the quarter. UMB Bank n.a.’s holdings in Gaming and Leisure Properties were worth $99,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth $151,723,000. Invesco Ltd. boosted its holdings in Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock valued at $229,673,000 after acquiring an additional 2,530,463 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Gaming and Leisure Properties by 731.7% during the first 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 worth $112,622,000 after buying an additional 1,946,575 shares during the period. Millennium Management LLC raised its position in shares of Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock worth $49,216,000 after acquiring an additional 721,861 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Gaming and Leisure Properties by 3.1% in the first quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust’s stock valued at $588,242,000 after buying an additional 349,065 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the transaction, the director directly owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on GLPI shares. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a research note on Monday, July 21st. Barclays decreased their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 20th. Wells Fargo & Company reduced their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, June 2nd. Royal Bank Of Canada lowered their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.85.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $45.74 on Thursday. 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 firm has a 50-day moving average of $47.03 and a 200-day moving average of $47.57. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27. The company has a market cap of $12.94 billion, a P/E ratio of 17.73, a P/E/G ratio of 10.08 and a beta of 0.73.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 6.8%. Gaming and Leisure Properties’s payout ratio is currently 120.93%.

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.