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

Truist Financial Corp decreased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in 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 worth $29,000 after purchasing an additional 238 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at $29,000. Quent Capital LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $31,000. Bayforest Capital Ltd increased its position in shares of Gaming and Leisure Properties by 412.1% during the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 544 shares during the period. Finally, True Wealth Design LLC raised its stake in Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 610 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Barclays lifted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Royal Bank Of Canada upped their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Scotiabank raised their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.30.

Insider Activity

In other news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the sale, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares in the company, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,178 shares of company stock worth $1,552,938 over the last 90 days. 4.11% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Trading Down 0.4%

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

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The firm had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.5%. Gaming and Leisure Properties’s dividend payout ratio is 99.05%.

About Gaming and Leisure Properties

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.