Mutual of America Capital Management LLC trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,811 shares of the real estate investment trust's stock after selling 9,088 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Gaming and Leisure Properties worth $9,701,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of GLPI. Alpine Bank Wealth Management purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth $26,000. Private Trust Co. NA purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth $28,000. TD Private Client Wealth LLC increased its stake in shares of 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 purchasing an additional 213 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth $30,000. Finally, REAP Financial Group LLC increased its stake in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 264 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
GLPI has been the subject of several analyst reports. Scotiabank upped their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. 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. Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $51.00 price target for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Barclays cut their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $52.71.
View Our Latest Stock Report on Gaming and Leisure Properties
Gaming and Leisure Properties Trading Up 0.5%
Shares of GLPI stock opened at $44.83 on Monday. Gaming and Leisure Properties, Inc. has a 52-week low of $44.21 and a 52-week high of $52.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The firm has a market capitalization of $12.69 billion, a PE ratio of 17.38, a PEG ratio of 9.75 and a beta of 0.74. The stock has a fifty day simple moving average of $46.76 and a two-hundred day simple moving average of $46.97.
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 (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 analysts' expectations of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.
Gaming and Leisure Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 120.93%.
Insider Buying and Selling at Gaming and Leisure Properties
In other 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 completion of the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by insiders.
About Gaming and Leisure Properties
(
Free Report)
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.
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