MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $19.91 Million Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,175 shares of the real estate investment trust's stock after selling 36,409 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.14% of Gaming and Leisure Properties worth $19,911,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Gaming and Leisure Properties by 3.1% in the first quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock valued at $588,242,000 after buying an additional 349,065 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Gaming and Leisure Properties by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock valued at $242,597,000 after buying an additional 77,562 shares during the period. Invesco Ltd. lifted its holdings in Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock valued at $229,673,000 after buying an additional 2,530,463 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Gaming and Leisure Properties by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust's stock valued at $167,642,000 after buying an additional 10,092 shares during the period. Finally, Nuveen LLC acquired a new stake in Gaming and Leisure Properties in the first quarter worth $151,723,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of 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. Stifel Nicolaus lowered 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. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Barclays cut their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 20th. Finally, Macquarie cut their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 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 stock. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of "Hold" and an average price target of $52.85.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction on 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 transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Down 0.7%

Shares of GLPI stock traded down $0.36 during trading hours on Friday, hitting $48.05. 2,422,022 shares of the company were exchanged, compared to its average volume of 1,986,190. The business has a 50 day moving average of $47.18 and a two-hundred day moving average of $47.74. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 52 week low of $44.48 and a 52 week high of $52.27. The company has a market capitalization of $13.60 billion, a PE ratio of 18.62, a PEG ratio of 10.53 and a beta of 0.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its 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 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 for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $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 fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given 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 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.