Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 706,574 shares of the real estate investment trust’s stock after selling 37,134 shares during the period. Retirement Systems of Alabama’s holdings in Gaming and Leisure Properties were worth $32,933,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Spire Wealth Management raised its position in shares of Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth about $30,000. REAP Financial Group LLC raised its holdings in Gaming and Leisure Properties by 66.0% during the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 264 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Gaming and Leisure Properties by 89.3% during 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 buying an additional 309 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Gaming and Leisure Properties in the third quarter worth about $31,000. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GLPI shares. Barclays cut their price target on shares of 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. Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a research note on Monday, December 15th. Cantor Fitzgerald decreased their target price on 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. 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, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.89.

Gaming and Leisure Properties Trading Up 1.1%

Shares of NASDAQ:GLPI opened at $45.41 on Monday. The firm has a fifty day moving average of $44.18 and a two-hundred day moving average of $45.57. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $52.24. The firm has a market capitalization of $12.85 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 2.51 and a beta of 0.67.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million for the quarter, compared to the consensus estimate 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 for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the sale, the director 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 filing with the SEC, which can be accessed through this link. Also, SVP Steven Ladany sold 13,409 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the transaction, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. This represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 40,864 shares of company stock valued at $1,832,866. 4.26% of the stock is 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.