Truist Financial Corp Sells 34,614 Shares of Gaming and Leisure Properties, Inc. $GLPI

Truist Financial Corp cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,248 shares of the real estate investment trust’s stock after selling 34,614 shares during the period. Truist Financial Corp’s holdings in Gaming and Leisure Properties were worth $3,979,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GLPI. GF Fund Management CO. LTD. increased its holdings 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 worth $265,000 after buying an additional 211 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Pure Financial Advisors LLC grew its position in Gaming and Leisure Properties by 2.6% in the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 221 shares in the last quarter. Woodward Diversified Capital LLC increased its stake in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 243 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in Gaming and Leisure Properties by 38.8% in the first quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 296 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the sale, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on GLPI shares. Barclays reduced their price target on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Cantor Fitzgerald initiated coverage on shares of Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 target price on the stock. 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. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday. Finally, Scotiabank lifted their price objective 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 investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.71.

Gaming and Leisure Properties Stock Down 1.4%

GLPI stock opened at $45.26 on Thursday. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $46.96 and a 200 day moving average of $47.31. The firm has a market cap of $12.81 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 9.98 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (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 business had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. During the same period last year, the company posted $0.94 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, 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 business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is presently 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.