Steven Ladany Sells 13,409 Shares of Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 13,409 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the transaction, the senior vice president directly owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Friday, January 2nd, Steven Ladany sold 2,630 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.09, for a total transaction 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 transaction of $805,860.00.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $44.82 on Friday. The firm has a market cap of $12.68 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. The firm’s 50-day simple moving average is $44.06 and its 200-day simple moving average is $45.74. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. 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 (NASDAQ:GLPI) last announced 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. The firm had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts expect 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. Investors of record on Friday, December 5th were paid a $0.78 dividend. 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 currently 113.04%.

Analyst Ratings Changes

A number of brokerages have issued reports on GLPI. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $53.00 in a report on Friday, December 12th. Stifel Nicolaus set a $47.75 price target on shares of Gaming and Leisure Properties in a report on Monday, December 15th. Mizuho set a $50.00 price target on shares of Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management boosted its position in Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 238 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at $30,000. REAP Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 66.0% in the second 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 increased its position in 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 worth $31,000 after purchasing an additional 309 shares during the period. Finally, Quent Capital LLC acquired a new stake in Gaming and Leisure Properties in the third quarter worth about $31,000. Institutional investors own 91.14% of the company’s stock.

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.