Kestra Investment Management LLC Sells 5,293 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Kestra Investment Management LLC reduced its stake in Gaming and Leisure Properties, Inc. by 28.1% in the first quarter, leaving it with 13,546 shares valued at approximately $689,000.
• Gaming and Leisure Properties recently reported $0.96 earnings per share for the last quarter, falling short of analysts' estimates by $0.01, while revenue grew 3.8% year-over-year.
• The company declared a quarterly dividend of $0.78, representing an annual yield of 6.4% and a payout ratio of 120.93% as of the latest announcement.

Kestra Investment Management LLC trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 28.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,546 shares of the real estate investment trust's stock after selling 5,293 shares during the period. Kestra Investment Management LLC's holdings in Gaming and Leisure Properties were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GLPI. Alpine Bank Wealth Management bought a new position in shares of Gaming and Leisure Properties in the first quarter worth about $26,000. Private Trust Co. NA acquired a new position in Gaming and Leisure Properties during the first quarter valued at approximately $28,000. TD Private Client Wealth LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 213 shares during the period. Wayfinding Financial LLC acquired a new position in Gaming and Leisure Properties during the first quarter valued at approximately $33,000. Finally, Cullen Frost Bankers Inc. grew its holdings in 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 valued at $33,000 after purchasing an additional 618 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Stock Down 0.7%

Shares of GLPI stock traded down $0.36 during trading on Friday, reaching $48.05. The company's stock had a trading volume of 2,422,022 shares, compared to its average volume of 1,986,190. The business has a fifty day moving average price of $47.18 and a 200-day moving average price of $47.74. 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 company has a market cap of $13.60 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 10.53 and a beta of 0.73. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.43% and a net margin of 46.32%.The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 6.5%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio is 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 company's 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on GLPI shares. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a report on Monday, July 21st. Royal Bank Of Canada reduced their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Scotiabank upped 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 report on Thursday, August 28th. Mizuho upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Barclays reduced their price target on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a report on Wednesday, August 20th. Five investment 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 has an average rating of "Hold" and a consensus target price of $52.85.

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.