Aew Capital Management L P Sells 46,768 Shares of Gaming and Leisure Properties, Inc. $GLPI

Aew Capital Management L P trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 826,502 shares of the real estate investment trust’s stock after selling 46,768 shares during the quarter. Gaming and Leisure Properties accounts for approximately 2.0% of Aew Capital Management L P’s investment portfolio, making the stock its 16th largest position. Aew Capital Management L P owned 0.29% of Gaming and Leisure Properties worth $38,581,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of Gaming and Leisure Properties by 64.2% in 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. Private Trust Co. NA bought a new position in Gaming and Leisure Properties during the 1st quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $30,000. Cullen Frost Bankers Inc. raised its position in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 618 shares during the period. Finally, REAP Financial Group LLC lifted its stake in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GLPI shares. Scotiabank boosted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Barclays upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $54.00 in a report on Monday, October 20th. Macquarie cut their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada decreased their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Finally, Mizuho boosted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Gaming and Leisure Properties Price Performance

GLPI opened at $44.18 on Friday. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 9.79 and a beta of 0.74. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 12-month low of $42.26 and a 12-month high of $52.27. The business’s fifty day simple moving average is $46.11 and its 200-day simple moving average is $46.67.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.60 million during the quarter, compared to the consensus estimate of $399.66 million. During the same period in the previous year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 7.1%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.