Nomura Holdings Inc. Sells 51,958 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Nomura Holdings Inc. reduced its stake in Gaming and Leisure Properties, Inc. by 78.5%, holding $725,000 worth of shares after selling 51,958 shares in the first quarter.
• Multiple institutional investors have increased their positions in Gaming and Leisure Properties, with Centiva Capital LP raising its stake by 46.7% and Focus Partners Wealth increasing it by 549.8% during the 4th quarter.
• The company reported a 0.96 EPS for the last quarter, slightly missing analysts' expectations, and declared a quarterly dividend of $0.78 to be paid on September 26th, indicating a dividend yield of 6.5%.

Nomura Holdings Inc. cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 78.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,250 shares of the real estate investment trust's stock after selling 51,958 shares during the period. Nomura Holdings Inc.'s holdings in Gaming and Leisure Properties were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. raised its position in shares of Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 211 shares during the period. TD Private Client Wealth LLC raised its position 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 valued at $28,000 after acquiring an additional 213 shares during the period. Pure Financial Advisors LLC raised its position in shares of Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock valued at $442,000 after acquiring an additional 221 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Gaming and Leisure Properties by 5.8% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 243 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Gaming and Leisure Properties by 38.8% in the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 296 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Up 0.2%

GLPI traded up $0.09 during trading on Friday, reaching $48.43. The company had a trading volume of 2,850,009 shares, compared to its average volume of 1,713,743. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The business's fifty day moving average price is $47.15 and its 200 day moving average price is $47.79. The company has a market cap of $13.71 billion, a P/E ratio of 18.77, a PEG ratio of 10.53 and a beta of 0.73.

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 for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The business had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same period in the prior year, the business earned $0.94 earnings per share. Gaming and Leisure Properties's revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 6.4%. Gaming and Leisure Properties's payout ratio is 120.93%.

Wall Street Analyst Weigh In

Several analysts recently commented on GLPI shares. Barclays dropped their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 20th. Wells Fargo & Company dropped their price target 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. Mizuho decreased their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Stifel Nicolaus cut 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 note on Monday, July 21st. Finally, Scotiabank raised 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.69.

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.