Bamco Inc. NY Cuts Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Bamco Inc. NY lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,365,805 shares of the real estate investment trust’s stock after selling 228,740 shares during the quarter. Gaming and Leisure Properties accounts for about 0.9% of Bamco Inc. NY’s holdings, making the stock its 20th biggest position. Bamco Inc. NY owned approximately 2.60% of Gaming and Leisure Properties worth $343,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $30,000. REAP Financial Group LLC raised its position 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 acquiring an additional 264 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at $33,000. Elevation Point Wealth Partners LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at $39,000. Finally, Brooklyn Investment Group boosted its position in shares of Gaming and Leisure Properties by 38.8% during the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 3.4%

Shares of Gaming and Leisure Properties stock opened at $43.49 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24. The company has a market capitalization of $12.31 billion, a P/E ratio of 15.76, a P/E/G ratio of 9.10 and a beta of 0.68. The business has a 50 day moving average price of $44.08 and a 200 day moving average price of $45.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. During the same quarter in the prior year, the firm earned $0.95 EPS. Gaming and Leisure Properties’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. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.2%. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GLPI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Stifel Nicolaus lowered their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a research report on Friday, October 31st. Barclays dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Scotiabank upped their price target 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 seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Hold” and a consensus target price of $52.13.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the sale, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.