Gaming and Leisure Properties, Inc. $GLPI Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in Gaming and Leisure Properties, Inc. by 9.2% in the second quarter, holding 84,516 shares valued at approximately $3.95 million.
• Several hedge funds, including Wellington Management and Invesco, adjusted their positions, with 91.14% of the company's stock owned by institutional investors.
• Gaming and Leisure Properties declared a quarterly dividend of $0.78 per share, representing a 6.7% dividend yield and a payout ratio of 120.93%.

IFM Investors Pty Ltd cut its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,516 shares of the real estate investment trust's stock after selling 8,601 shares during the period. IFM Investors Pty Ltd's holdings in Gaming and Leisure Properties were worth $3,945,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new stake in shares of Gaming and Leisure Properties during the first quarter valued at approximately $26,000. Private Trust Co. NA purchased a new stake in Gaming and Leisure Properties during the 1st quarter valued at $28,000. TD Private Client Wealth LLC grew 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 worth $28,000 after acquiring an additional 213 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Gaming and Leisure Properties in the first quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. raised its stake 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 valued at $33,000 after acquiring an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GLPI shares. Wells Fargo & Company cut their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Macquarie cut 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 dropped their price target 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. Stifel Nicolaus cut shares of 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. Finally, Royal Bank Of Canada cut their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $52.85.

Gaming and Leisure Properties Trading Down 1.8%

Shares of GLPI traded down $0.85 during trading hours on Monday, reaching $45.77. 2,164,460 shares of the company traded hands, compared to its average volume of 2,094,881. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 10.14 and a beta of 0.73. The stock's fifty day moving average price is $47.09 and its 200 day moving average price is $47.60. 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 data 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 for 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%. Gaming and Leisure Properties's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed 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 is Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. Gaming and Leisure Properties's dividend payout ratio is presently 120.93%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.26% of the stock is owned by company insiders.

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.