Gaming and Leisure Properties (NASDAQ:GLPI) SVP Steven Ladany Sells 18,000 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the transaction, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. This represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Steven Ladany also recently made the following trade(s):

• On Monday, January 5th, Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.30, for a total value of $125,147.50.
• 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.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $0.64 on Monday, hitting $45.06. The company’s stock had a trading volume of 3,321,453 shares, compared to its average volume of 2,847,976. The company 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 quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The stock’s 50-day moving average is $43.99 and its two-hundred day moving average is $45.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data 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 business had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $399.66 million. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue 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. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its stake in shares of 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 valued at $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 boosted its position in 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 valued at $31,000 after purchasing an additional 264 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 purchasing an additional 309 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Gaming and Leisure Properties in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a report on Monday, December 15th. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Morgan Stanley increased their price objective 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 Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.