Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,279 shares of the real estate investment trust’s stock after selling 2,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gaming and Leisure Properties were worth $4,681,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GLPI. GAMMA Investing LLC raised its holdings in shares of Gaming and Leisure Properties by 31.6% during the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 894 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Gaming and Leisure Properties by 44.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 5,440 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Gaming and Leisure Properties by 0.5% during the first quarter. New York State Teachers Retirement System now owns 208,526 shares of the real estate investment trust’s stock valued at $10,614,000 after acquiring an additional 1,129 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Gaming and Leisure Properties by 3.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,807 shares of the real estate investment trust’s stock valued at $4,113,000 after acquiring an additional 2,743 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $42.74 on Friday. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 9.49 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 12 month low of $42.70 and a 12 month high of $52.27. The firm has a 50 day moving average of $46.41 and a two-hundred day moving average of $46.81.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $397.60 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s payout ratio is currently 120.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GLPI. Scotiabank boosted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target on the stock. Mizuho boosted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Hold” and an average target price of $52.94.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.