Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Applied Fundamental Research LLC

Applied Fundamental Research LLC reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,693 shares of the real estate investment trust’s stock after selling 18,904 shares during the period. Gaming and Leisure Properties accounts for about 9.8% of Applied Fundamental Research LLC’s portfolio, making the stock its 3rd largest holding. Applied Fundamental Research LLC owned approximately 0.08% of Gaming and Leisure Properties worth $10,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLPI. Spire Wealth Management boosted its stake in Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 238 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth $30,000. REAP Financial Group LLC boosted its position 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 valued at $31,000 after acquiring an additional 264 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 309 shares during the period. Finally, Quent Capital LLC acquired a new stake in Gaming and Leisure Properties during the third quarter worth about $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Down 2.5%

Gaming and Leisure Properties stock opened at $44.87 on Thursday. The company has a market capitalization of $12.70 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.55 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. The firm has a 50 day moving average price of $44.15 and a 200 day moving average price of $45.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping 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 company had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. During the same period in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares of the company’s stock, valued at $5,911,561.97. The trade was a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Steven Ladany sold 18,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the sale, the senior vice president directly owned 65,099 shares in the company, valued at $2,914,482.23. This represents a 21.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 40,864 shares of company stock valued at $1,832,866. 4.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLPI shares. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Stifel Nicolaus set a $47.75 price objective on Gaming and Leisure Properties in a report on Monday, December 15th. Barclays lowered their price objective 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. Cantor Fitzgerald reduced their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Morgan Stanley upped their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

Gaming and Leisure Properties 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.