QRG Capital Management Inc. Sells 55,856 Shares of Gaming and Leisure Properties, Inc. $GLPI

QRG Capital Management Inc. trimmed its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 40.7% during the third quarter, Holdings Channel reports. The firm owned 81,447 shares of the real estate investment trust’s stock after selling 55,856 shares during the period. QRG Capital Management Inc.’s holdings in Gaming and Leisure Properties were worth $3,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GLPI. Norges Bank acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $175,169,000. Balyasny Asset Management L.P. acquired a new position in Gaming and Leisure Properties during the second quarter worth $124,785,000. Qube Research & Technologies Ltd lifted its holdings in shares of Gaming and Leisure Properties by 375.8% during the second quarter. Qube Research & Technologies Ltd now owns 1,329,251 shares of the real estate investment trust’s stock valued at $62,049,000 after acquiring an additional 1,049,863 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $39,689,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $31,773,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Trading Up 2.9%

GLPI opened at $46.34 on Monday. 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 $13.11 billion, a PE ratio of 16.79, a PEG ratio of 2.56 and a beta of 0.67. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average price of $44.11 and a two-hundred day moving average price of $45.65.

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 business had revenue of $397.61 million for 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%. Gaming and Leisure Properties’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm 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, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GLPI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a research note on Monday, December 15th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.89.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated 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 directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total transaction of $603,941.36. Following the transaction, the senior vice president owned 57,886 shares in the company, valued at approximately $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,864 shares of company stock valued at $1,832,866. 4.26% of the stock is currently owned by corporate insiders.

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.