Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,510 shares of the real estate investment trust’s stock after selling 12,301 shares during the period. Mutual of America Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $9,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management raised its holdings in Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth approximately $30,000. REAP Financial Group LLC raised its holdings in shares of Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 264 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 309 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Gaming and Leisure Properties in the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GLPI shares. Cantor Fitzgerald cut their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a research report on Monday, December 15th. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $51.89.

Gaming and Leisure Properties Stock Down 0.2%

GLPI opened at $45.32 on Tuesday. The company has a market capitalization of $12.83 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $52.24. The business has a 50-day moving average of $44.20 and a 200-day moving average of $45.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the sale, the senior vice president owned 57,886 shares of the company’s stock, valued at $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 40,864 shares of company stock valued at $1,832,866. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.