AQR Capital Management LLC Cuts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

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 trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 23.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $26,000. Private Trust Co. NA acquired a new position in Gaming and Leisure Properties in the first quarter valued at about $28,000. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Gaming and Leisure Properties by 1,872.7% during the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 618 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the company'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 completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded down $0.21 during mid-day trading on Thursday, hitting $47.17. 1,998,193 shares of the company traded hands, compared to its average volume of 1,904,078. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27. 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 market cap of $13.35 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 10.30 and a beta of 0.73. The stock's fifty day moving average price is $47.16 and its 200-day moving average price is $47.69.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The business had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Research analysts anticipate 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 company also recently disclosed 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. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's payout ratio is 120.93%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank raised their price target on 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. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a report on Monday, July 21st. Macquarie reduced their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company dropped their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average 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.