Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. reduced its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 48.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,046 shares of the real estate investment trust’s stock after selling 52,214 shares during the quarter. Osaic Holdings Inc.’s holdings in Gaming and Leisure Properties were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth about $30,000. REAP Financial Group LLC grew its holdings in shares of Gaming and Leisure Properties by 66.0% during the 2nd 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 period. Ameritas Advisory Services LLC purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth about $33,000. Elevation Point Wealth Partners LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $39,000. Finally, Bay Harbor Wealth Management LLC raised its holdings in Gaming and Leisure Properties by 45.4% in the second quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a report on Monday, December 15th. Cantor Fitzgerald reduced their price objective 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, Barclays decreased their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.89.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $44.63 on Friday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market capitalization of $12.63 billion, a P/E ratio of 16.17, a P/E/G ratio of 9.66 and a beta of 0.68. The company’s fifty day moving average price is $44.02 and its two-hundred day moving average price is $45.85.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results 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 company had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. During the same period last year, the firm earned $0.95 earnings per share. The company’s 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, 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 announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is presently 113.04%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s 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 completion of the sale, the director owned 129,953 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.