Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Amundi

Amundi reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 66.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 529,325 shares of the real estate investment trust's stock after selling 1,046,492 shares during the quarter. Amundi owned about 0.19% of Gaming and Leisure Properties worth $26,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FJ Capital Management LLC acquired a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $354,000. Royal Bank of Canada increased its holdings in Gaming and Leisure Properties by 1.5% in the 1st quarter. Royal Bank of Canada now owns 466,403 shares of the real estate investment trust's stock worth $23,741,000 after buying an additional 6,869 shares during the period. Quarry LP increased its holdings in Gaming and Leisure Properties by 33.0% in the 1st quarter. Quarry LP now owns 1,302 shares of the real estate investment trust's stock worth $66,000 after buying an additional 323 shares during the period. Evergreen Capital Management LLC acquired a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $525,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Gaming and Leisure Properties by 15.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 304,114 shares of the real estate investment trust's stock worth $15,479,000 after buying an additional 39,706 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on GLPI shares. Mizuho increased their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday. Barclays cut their price target on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 20th. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Hold" and a consensus target price of $52.85.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $0.36 during midday trading on Friday, reaching $48.05. 2,422,022 shares of the stock were exchanged, compared to its average volume of 1,986,190. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.27. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 10.53 and a beta of 0.73. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a 50-day simple moving average of $47.18 and a two-hundred day simple moving average of $47.74.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same quarter last year, the business earned $0.94 EPS. The company's quarterly revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, September 12th. 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 (DPR) is 120.93%.

Gaming and Leisure Properties Profile

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.