IFM Investors Pty Ltd Decreases Stock Holdings in 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 cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 18.3% in 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 period. IFM Investors Pty Ltd's holdings in Gaming and Leisure Properties were worth $4,740,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Gaming and Leisure Properties by 731.7% during 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 in the last quarter. Caxton Associates LLP bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth $1,154,000. Everstar Asset Management LLC bought a new position in Gaming and Leisure Properties during the first quarter valued at about $2,602,000. Presima Securities ULC grew its position in Gaming and Leisure Properties by 10.0% during the first quarter. Presima Securities ULC now owns 746,719 shares of the real estate investment trust's stock valued at $38,008,000 after buying an additional 67,632 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in Gaming and Leisure Properties by 0.4% during the first quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust's stock worth $4,013,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research reports. Macquarie reduced their target price 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 downgraded 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. Mizuho increased their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Finally, Scotiabank boosted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $52.85.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the firm'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 transaction, the director directly owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded up $0.53 during trading hours on Wednesday, hitting $47.71. 247,629 shares of the company's stock traded hands, compared to its average volume of 1,522,786. Gaming and Leisure Properties, Inc. has a 52 week low of $44.48 and a 52 week high of $52.27. The business's fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $47.71. 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 $13.50 billion, a P/E ratio of 18.49, a P/E/G ratio of 10.40 and a beta of 0.73.

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 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 during the quarter, compared to analysts' expectations of $397.27 million. During the same period in the previous year, the business earned $0.94 EPS. The business's revenue 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. On average, 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 business 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. The ex-dividend date is Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 6.5%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 120.93%.

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.