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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 2,825 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $44.30, for a total transaction of $125,147.50. Following the sale, the senior vice president directly owned 71,295 shares of the company’s stock, valued at approximately $3,158,368.50. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $44.77, for a total value of $805,860.00.

Gaming and Leisure Properties Trading Down 1.0%

Shares of GLPI 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 cap of $12.63 billion, a price-to-earnings ratio of 16.17 and a beta of 0.67. The stock has a fifty day moving average price of $44.00 and a two-hundred day moving average price of $45.76. 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 earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend 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 113.04%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd 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 period. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 309 shares during the last quarter. REAP Financial Group LLC grew its holdings in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares during the period. Finally, Quent Capital LLC bought a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GLPI. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. 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 dropped their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.89.

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.