Uniplan Investment Counsel Inc. Sells 33,619 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Uniplan Investment Counsel Inc. reduced its position in Gaming and Leisure Properties, Inc. by 6.1%, now holding 516,714 shares which account for 2.6% of its portfolio, making it the firm's 9th largest position.
• Several analysts have revised their price targets for GLPI, with Wells Fargo lowering it from $51.00 to $49.00, while an overall consensus rating remains at "Hold" with an average price target of $52.69.
• The company declared a quarterly dividend of $0.78, which equates to a dividend yield of 6.4% and has a dividend payout ratio currently at 120.93%.

Uniplan Investment Counsel Inc. lessened its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 516,714 shares of the real estate investment trust's stock after selling 33,619 shares during the period. Gaming and Leisure Properties makes up approximately 2.6% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 9th largest position. Uniplan Investment Counsel Inc. owned 0.19% of Gaming and Leisure Properties worth $26,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. PharVision Advisers LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter worth approximately $208,000. Millennium Management LLC raised its stake in Gaming and Leisure Properties by 294.6% during the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust's stock valued at $49,216,000 after purchasing an additional 721,861 shares during the last quarter. Hancock Whitney Corp acquired a new position in Gaming and Leisure Properties during the 1st quarter valued at $289,000. Advisors Asset Management Inc. boosted its holdings in Gaming and Leisure Properties by 24.0% in the 1st quarter. Advisors Asset Management Inc. now owns 7,001 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 1,353 shares during the period. Finally, FJ Capital Management LLC acquired a new stake in Gaming and Leisure Properties in the 1st quarter worth $354,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GLPI. Mizuho upped 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 report on Thursday. Wells Fargo & Company lowered their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a research report on Monday, July 21st. Royal Bank Of Canada decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Finally, Scotiabank increased their price objective on shares of 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. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Hold" and a consensus target price of $52.85.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded up $0.32 during trading on Friday, reaching $47.95. The stock had a trading volume of 1,287,007 shares, compared to its average volume of 1,524,119. The stock has a market capitalization of $13.57 billion, a PE ratio of 18.59, a P/E/G ratio of 10.45 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 52 week low of $44.48 and a 52 week high of $52.27. The business's 50-day moving average price is $47.18 and its 200 day moving average price is $47.77.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share 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 analyst estimates of $397.27 million. During the same period in the prior year, the business earned $0.94 earnings per share. The company'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, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company 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 payout ratio is presently 120.93%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction dated 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 approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Company 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.