Gaming and Leisure Properties (NASDAQ:GLPI) SVP Sells $125,147.50 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock in a transaction 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 owned 71,295 shares of the company’s stock, valued at $3,158,368.50. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded up $0.64 during trading hours on Monday, hitting $45.06. 3,321,453 shares of the stock traded hands, compared to its average volume of 2,847,976. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.33 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm’s 50 day moving average price is $43.99 and its 200-day moving average price is $45.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its 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. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management increased its stake 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 buying an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth $30,000. REAP Financial Group LLC increased its position in shares of 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 worth $31,000 after acquiring an additional 264 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 valued at $31,000 after acquiring an additional 309 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in Gaming and Leisure Properties in the third quarter valued at $31,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Cantor Fitzgerald reduced their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Barclays decreased their price objective on 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. Morgan Stanley upped 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 report on Wednesday, December 24th. Finally, Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus price target 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.