Steven Ladany Sells 2,630 Shares of Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 2,630 shares of Gaming and Leisure Properties stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $44.09, for a total transaction of $115,956.70. Following the transaction, the senior vice president directly owned 62,469 shares in the company, valued at $2,754,258.21. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 5th, Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.30, for a total transaction of $125,147.50.
• 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 transaction of $805,860.00.

Gaming and Leisure Properties Trading Down 1.0%

Shares of GLPI stock opened at $44.63 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.17 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $52.24. The company has a 50-day simple moving average of $44.00 and a two-hundred day simple moving average of $45.76.

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, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.78 dividend. 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 is 113.04%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management increased its stake in shares of Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 309 shares in the last quarter. REAP Financial Group LLC grew its stake in 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 buying an additional 264 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $31,000. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GLPI. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Cantor Fitzgerald lowered their price objective on shares of 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. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus target price of $51.89.

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.