Applied Fundamental Research LLC Cuts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Applied Fundamental Research LLC reduced its holdings in Gaming and Leisure Properties, Inc. by 28.2%, owning 234,597 shares after selling 92,116 shares in the second quarter.
• Other institutional investors made significant changes, with TD Asset Management Inc increasing its stake by 35.1%, while CWM LLC raised theirs by 46.8%.
• Gaming and Leisure Properties reported an EPS of $0.96 for the last quarter, missing the consensus estimate of $0.97, and announced a quarterly dividend of $0.78 per share.

Applied Fundamental Research LLC lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 28.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,597 shares of the real estate investment trust's stock after selling 92,116 shares during the period. Gaming and Leisure Properties accounts for about 9.7% of Applied Fundamental Research LLC's investment portfolio, making the stock its 4th biggest holding. Applied Fundamental Research LLC owned 0.09% of Gaming and Leisure Properties worth $10,951,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in Gaming and Leisure Properties by 35.1% during the 2nd quarter. TD Asset Management Inc now owns 103,667 shares of the real estate investment trust's stock valued at $4,839,000 after acquiring an additional 26,940 shares in the last quarter. Naviter Wealth LLC increased its holdings in shares of Gaming and Leisure Properties by 10.8% during the second quarter. Naviter Wealth LLC now owns 18,129 shares of the real estate investment trust's stock valued at $846,000 after purchasing an additional 1,763 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Gaming and Leisure Properties by 23.3% during the second quarter. Axxcess Wealth Management LLC now owns 9,321 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 1,762 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 41.5% during the second quarter. Sequoia Financial Advisors LLC now owns 34,117 shares of the real estate investment trust's stock valued at $1,593,000 after purchasing an additional 9,998 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Gaming and Leisure Properties by 46.8% during the second quarter. CWM LLC now owns 6,089 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $44.68 on Wednesday. Gaming and Leisure Properties, Inc. has a twelve month low of $44.21 and a twelve month high of $52.27. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 9.64 and a beta of 0.74. The firm has a 50-day moving average of $46.83 and a two-hundred day moving average of $47.11.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $397.27 million. During the same period in the prior year, the company earned $0.94 earnings per share. The firm's revenue for the quarter 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 expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GLPI shares. Mizuho lifted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Scotiabank upped their price target 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. Macquarie reduced their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Finally, Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Hold" and a consensus price target of $52.71.

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.

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