US Bancorp DE Sells 2,061 Shares of Gaming and Leisure Properties, Inc. $GLPI

US Bancorp DE lessened its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,678 shares of the real estate investment trust’s stock after selling 2,061 shares during the quarter. US Bancorp DE’s holdings in Gaming and Leisure Properties were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of 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 worth $588,242,000 after purchasing an additional 349,065 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gaming and Leisure Properties by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust’s stock worth $242,597,000 after purchasing an additional 77,562 shares in the last quarter. Invesco Ltd. boosted its position in shares of Gaming and Leisure Properties by 127.7% during the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gaming and Leisure Properties by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust’s stock worth $167,642,000 after purchasing an additional 10,092 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $151,723,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.3%

NASDAQ:GLPI opened at $44.83 on Thursday. 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 firm has a market cap of $12.69 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 9.72 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 52 week low of $44.21 and a 52 week high of $52.27. The firm has a 50-day moving average price of $46.81 and a two-hundred day moving average price of $47.10.

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). The firm 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%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 120.93%.

Insider Activity

In other 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 completion of the sale, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective on the stock. in a research report on Monday, July 21st. Macquarie lowered their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Mizuho upped their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Scotiabank upped their target price on shares of 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. Finally, Royal Bank Of Canada lowered their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.71.

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.