Pacer Advisors Inc. Sells 14,555 Shares of Gaming and Leisure Properties, Inc. $GLPI

Pacer Advisors Inc. lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.1% in the fourth quarter, HoldingsChannel reports. The firm owned 33,850 shares of the real estate investment trust’s stock after selling 14,555 shares during the period. Pacer Advisors Inc.’s holdings in Gaming and Leisure Properties were worth $1,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after acquiring an additional 899,273 shares during the last quarter. State Street Corp grew its position in Gaming and Leisure Properties by 2.7% during the 3rd quarter. State Street Corp now owns 12,745,415 shares of the real estate investment trust’s stock worth $594,064,000 after acquiring an additional 333,876 shares during the last quarter. Principal Financial Group Inc. grew its position in Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after acquiring an additional 525,317 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Gaming and Leisure Properties by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,107,048 shares of the real estate investment trust’s stock valued at $191,432,000 after purchasing an additional 147,375 shares in the last quarter. Finally, Barclays PLC increased its holdings in Gaming and Leisure Properties by 1,525.0% during the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after purchasing an additional 3,785,669 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 16,884 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the transaction, the chief operating officer owned 257,874 shares in the company, valued at $12,390,845.70. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,178 shares of company stock valued at $1,552,938. Corporate insiders own 4.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GLPI. Mizuho upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Barclays increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, Scotiabank boosted their price objective on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

Gaming and Leisure Properties Stock Down 0.2%

Shares of NASDAQ GLPI opened at $46.87 on Friday. The stock has a market cap of $13.28 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.03 and a beta of 0.68. The firm has a 50 day moving average price of $46.92 and a 200 day moving average price of $45.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.Gaming and Leisure Properties’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 4 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 99.05%.

Gaming and Leisure Properties Company 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.