E Scott Urdang Sells 4,000 Shares of Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares in the company, valued at $5,911,561.97. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Gaming and Leisure Properties Stock Down 0.1%

NASDAQ GLPI traded down $0.04 on Wednesday, reaching $45.15. The stock had a trading volume of 156,445 shares, compared to its average volume of 1,631,119. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 9.89 and a beta of 0.74. The business has a 50 day moving average price of $46.25 and a 200 day moving average price of $46.70. Gaming and Leisure Properties, Inc. has a 1 year low of $42.26 and a 1 year high of $52.27. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.60 million for the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given 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 was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLPI. Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target for the company. Scotiabank lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Royal Bank Of Canada lowered their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $54.00 in a research note on Monday, October 20th. Finally, Stifel Nicolaus lowered their target price on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.65.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its stake in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $28,000. Spire Wealth Management lifted its position in Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $30,000. Finally, REAP Financial Group LLC grew its stake in Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Gaming and Leisure Properties

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.