Gaming and Leisure Properties, Inc. $GLPI Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 34.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,252 shares of the real estate investment trust’s stock after selling 129,059 shares during the period. AustralianSuper Pty Ltd owned 0.09% of Gaming and Leisure Properties worth $11,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Gaming and Leisure Properties by 8.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,788 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 620 shares during the period. Truist Financial Corp lifted its holdings in shares of Gaming and Leisure Properties by 0.4% in the third quarter. Truist Financial Corp now owns 85,547 shares of the real estate investment trust’s stock valued at $3,987,000 after buying an additional 299 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Gaming and Leisure Properties by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,128 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 867 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Gaming and Leisure Properties by 9.5% in the third quarter. Resona Asset Management Co. Ltd. now owns 165,406 shares of the real estate investment trust’s stock worth $7,742,000 after acquiring an additional 14,373 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Gaming and Leisure Properties by 28.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,617 shares of the real estate investment trust’s stock valued at $9,630,000 after acquiring an additional 46,001 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Trading Up 1.3%

Gaming and Leisure Properties stock opened at $45.36 on Friday. 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 debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a 50 day moving average price of $44.33 and a 200 day moving average price of $45.53.

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 (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same period in the previous year, the business earned $0.95 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS 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. This represents a $3.12 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s payout ratio is 113.04%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven Ladany sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,864 shares of company stock worth $1,832,866 in the last quarter. 4.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GLPI has been the topic of a number of research reports. Barclays dropped 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. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $53.00 in a report on Friday, December 12th. Stifel Nicolaus set a $47.75 price objective on Gaming and Leisure Properties in a research report on Monday, December 15th. Mizuho set a $50.00 target price on Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald cut their target price on 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.