Gaming and Leisure Properties (NASDAQ:GLPI) SVP Steven Ladany Sells 2,825 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock in a transaction on Monday, January 5th. The shares were sold at an average price of $44.30, for a total value of $125,147.50. Following the sale, the senior vice president directly owned 71,295 shares of the company’s stock, valued at $3,158,368.50. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Steven Ladany also recently made the following trade(s):

• On Friday, January 2nd, Steven Ladany sold 2,630 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $44.09, for a total value of $115,956.70.
• On Wednesday, December 31st, Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $44.77, for a total value of $805,860.00.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $45.06 on Tuesday. The stock has a market cap of $12.75 billion, a P/E ratio of 16.33 and a beta of 0.67. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The business’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $45.77. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.Gaming and Leisure Properties’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.78 per share. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Cantor Fitzgerald cut their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Stifel Nicolaus set a $47.75 price objective on Gaming and Leisure Properties in a research report on Monday, December 15th. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Grant Private Wealth Management Inc grew its position in Gaming and Leisure Properties by 20.2% during the 4th quarter. Grant Private Wealth Management Inc now owns 5,962 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 1,001 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Gaming and Leisure Properties by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 277 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gaming and Leisure Properties by 30.0% in the third quarter. JPMorgan Chase & Co. now owns 1,787,670 shares of the real estate investment trust’s stock worth $83,323,000 after purchasing an additional 412,079 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Gaming and Leisure Properties by 141.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,416 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,417 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in Gaming and Leisure Properties during the 3rd quarter valued at approximately $3,926,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

About Gaming and Leisure Properties

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.