IFM Investors Pty Ltd Sells 20,892 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• IFM Investors Pty Ltd has reduced its stake in Gaming and Leisure Properties, Inc. by 18.3%, owning 93,117 shares after selling 20,892 shares in the first quarter.
• The company recently declared a $0.78 quarterly dividend, representing a 6.4% dividend yield, with an annualized payout of $3.12.
• Gaming and Leisure Properties reported Q2 earnings of $0.96 per share, slightly missing analysts' expectations by $0.01, with a year-over-year revenue increase of 3.8% to $394.9 million.

IFM Investors Pty Ltd lessened its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,117 shares of the real estate investment trust's stock after selling 20,892 shares during the quarter. IFM Investors Pty Ltd's holdings in Gaming and Leisure Properties were worth $4,740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GLPI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Gaming and Leisure Properties by 731.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock valued at $112,622,000 after purchasing an additional 1,946,575 shares during the period. Caxton Associates LLP acquired a new position in Gaming and Leisure Properties during the 1st quarter worth $1,154,000. Everstar Asset Management LLC acquired a new position in Gaming and Leisure Properties during the 1st quarter worth $2,602,000. Presima Securities ULC boosted its position in shares of Gaming and Leisure Properties by 10.0% during the 1st quarter. Presima Securities ULC now owns 746,719 shares of the real estate investment trust's stock worth $38,008,000 after acquiring an additional 67,632 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Gaming and Leisure Properties by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust's stock valued at $4,013,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Macquarie dropped their target price 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. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a report on Monday, July 21st. Scotiabank increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Mizuho raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of "Hold" and an average target price of $52.85.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $0.23 during mid-day trading on Monday, hitting $47.82. The company had a trading volume of 1,383,094 shares, compared to its average volume of 1,530,280. The firm has a market cap of $13.53 billion, a P/E ratio of 18.53, a PEG ratio of 10.45 and a beta of 0.73. The business's 50-day simple moving average is $47.18 and its 200-day simple moving average is $47.73. 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 12 month low of $44.48 and a 12 month high of $52.27.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The company had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 dividend yield of 6.5%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 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.