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

Applied Fundamental Research LLC reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.1% during the 3rd quarter, Holdings Channel reports. The fund owned 215,693 shares of the real estate investment trust’s stock after selling 18,904 shares during the quarter. Gaming and Leisure Properties makes up approximately 9.8% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 3rd biggest position. Applied Fundamental Research LLC’s holdings in Gaming and Leisure Properties were worth $10,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Spire Wealth Management increased its holdings in 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 purchasing an additional 238 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 309 shares during the period. REAP Financial Group LLC raised 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 in the last quarter. Finally, Quent Capital LLC purchased a new position in Gaming and Leisure Properties in the third quarter worth approximately $31,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on GLPI. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $53.00 in a research report on Friday, December 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Morgan Stanley raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald dropped their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus price target of $51.89.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.87 on Thursday. The company’s 50 day simple moving average is $44.15 and its 200-day simple moving average is $45.62. The firm has a market cap 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. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.

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, beating the consensus estimate of $0.96 by $0.01. The firm had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. During the same quarter in the prior year, the firm earned $0.95 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed 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 dividend payout ratio is currently 113.04%.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 129,953 shares in the company, valued at $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven Ladany sold 13,409 shares of the 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 sale, the senior vice president directly owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. This represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,864 shares of company stock valued at $1,832,866 over the last ninety days. 4.26% of the stock is owned by insiders.

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.