Gaming and Leisure Properties, Inc. $GLPI Holdings Cut by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Gaming and Leisure Properties, Inc. by 23.8%, owning 125,611 shares after selling 39,164 shares this quarter, valued at $6.39 million.
• Several institutional investors have increased their holdings in Gaming and Leisure Properties, with TD Private Client Wealth LLC's stake rising by 64.2% during the same quarter.
• Gaming and Leisure Properties declared a quarterly dividend of $0.78, representing an annualized dividend yield of 6.5%, despite having a高 dividend payout ratio of about 120.93%.

AQR Capital Management LLC reduced its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,611 shares of the real estate investment trust's stock after selling 39,164 shares during the period. AQR Capital Management LLC's holdings in Gaming and Leisure Properties were worth $6,392,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. increased its holdings in Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after purchasing an additional 211 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Pure Financial Advisors LLC boosted its position in Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock valued at $442,000 after buying an additional 221 shares during the last quarter. Woodward Diversified Capital LLC boosted its position in Gaming and Leisure Properties by 5.8% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 243 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Gaming and Leisure Properties by 38.8% in the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 296 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 1.3%

Shares of GLPI stock traded down $0.64 during trading hours on Tuesday, hitting $47.18. 1,520,035 shares of the company were exchanged, compared to its average volume of 1,530,222. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27. The business's 50-day simple moving average is $47.19 and its two-hundred day simple moving average is $47.71. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 10.45 and a beta of 0.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly 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 return on equity of 15.43% and a net margin of 46.32%.The company had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same period in the previous year, the business posted $0.94 EPS. The business'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. Sell-side analysts predict 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. Shareholders of record on Friday, September 12th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 120.93%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the transaction, the director owned 133,953 shares of the company's stock, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GLPI. Macquarie decreased their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research report on Monday, July 21st. 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, September 11th. Barclays decreased their price objective on shares of 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. Finally, Wells Fargo & Company decreased their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Hold" and a consensus price target of $52.85.

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.