Truist Financial Corp Sells 11,371 Shares of Gaming and Leisure Properties, Inc. $GLPI

Truist Financial Corp lowered its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 13.3% in the 4th quarter, HoldingsChannel reports. The fund owned 74,176 shares of the real estate investment trust’s stock after selling 11,371 shares during the period. Truist Financial Corp’s holdings in Gaming and Leisure Properties were worth $3,315,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in shares of Gaming and Leisure Properties by 8.9% in the fourth quarter. Benjamin Edwards Inc. now owns 15,117 shares of the real estate investment trust’s stock valued at $676,000 after purchasing an additional 1,233 shares during the period. Horizon Investments LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $167,000. Danske Bank A S grew its stake in Gaming and Leisure Properties by 2.9% in the 4th quarter. Danske Bank A S now owns 279,244 shares of the real estate investment trust’s stock valued at $12,479,000 after buying an additional 7,984 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at approximately $342,000. Finally, Certuity LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at $227,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Barclays raised their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus set a $50.00 target price on Gaming and Leisure Properties in a report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.30.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $48.03 on Tuesday. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.08 and a beta of 0.68. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The business has a 50-day simple moving average of $47.06 and a 200 day simple moving average of $45.60. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is presently 99.05%.

Insider Activity

In related news, COO Brandon John Moore sold 16,884 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares of the company’s stock, valued at $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director owned 130,429 shares in the company, valued at $6,178,421.73. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,178 shares of company stock worth $1,552,938. 4.11% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties 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.