Farther Finance Advisors LLC Cuts Stake in Gaming and Leisure Properties, Inc. $GLPI

Farther Finance Advisors LLC cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,869 shares of the real estate investment trust’s stock after selling 214 shares during the period. Farther Finance Advisors LLC’s holdings in Gaming and Leisure Properties were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP increased its position in Gaming and Leisure Properties by 3.1% during the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Gaming and Leisure Properties by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust’s stock valued at $242,597,000 after acquiring an additional 77,562 shares in the last quarter. Invesco Ltd. raised its position in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock valued at $229,673,000 after purchasing an additional 2,530,463 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gaming and Leisure Properties by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust’s stock valued at $167,642,000 after purchasing an additional 10,092 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth approximately $151,723,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GLPI shares. Macquarie decreased their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Stifel Nicolaus lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price for the company. in a research note on Monday, July 21st. Mizuho lifted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Saturday, September 27th. Finally, Cantor Fitzgerald started coverage on Gaming and Leisure Properties in a report on Wednesday. They set a “neutral” rating and a $51.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.71.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $46.87 on Friday. The stock has a 50 day moving average of $46.97 and a two-hundred day moving average of $47.38. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.27. The firm has a market cap of $13.26 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 10.19 and a beta of 0.74. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The business’s 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. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is presently 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’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. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.26% of the stock is owned by company insiders.

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.