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

Osaic Holdings Inc. trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 48.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,046 shares of the real estate investment trust’s stock after selling 52,214 shares during the period. Osaic Holdings Inc.’s holdings in Gaming and Leisure Properties were worth $2,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties during the second quarter valued at approximately $30,000. REAP Financial Group LLC increased its holdings in shares of Gaming and Leisure Properties by 66.0% in 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. Ameritas Advisory Services LLC acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC bought a new position in Gaming and Leisure Properties during the second quarter worth $39,000. Finally, Bay Harbor Wealth Management LLC lifted its stake in Gaming and Leisure Properties by 45.4% during the second quarter. Bay Harbor Wealth Management LLC now owns 1,207 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 377 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GLPI shares. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Morgan Stanley boosted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barclays cut their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a research report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $51.89.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on 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 transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Trading Down 0.1%

Gaming and Leisure Properties stock opened at $44.63 on Friday. 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 firm has a 50-day moving average price of $44.02 and a two-hundred day moving average price of $45.85. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 9.66 and a beta of 0.68. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. Gaming and Leisure Properties’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Sell-side 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

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.