Gaming and Leisure Properties (NASDAQ:GLPI) SVP Sells $805,860.00 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Steven Ladany sold 18,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total transaction of $805,860.00. Following the transaction, the senior vice president directly owned 65,099 shares of the company’s stock, valued at $2,914,482.23. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven Ladany also recently made the following trade(s):

• On Wednesday, January 7th, Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $45.04, for a total value of $603,941.36.
• On Monday, January 5th, Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.30, for a total value of $125,147.50.
• On Friday, January 2nd, Steven Ladany sold 2,630 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.09, for a total value of $115,956.70.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $44.89 on Thursday. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.47 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24. The stock’s 50 day simple moving average is $44.02 and its two-hundred day simple moving average is $45.75. 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 (NASDAQ:GLPI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. During the same period last year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities 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 was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. Gaming and Leisure Properties’s payout ratio is 113.04%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently bought and sold shares of the business. Spire Wealth Management boosted its stake in shares of Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $30,000. REAP Financial Group LLC grew its stake in 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 acquiring an additional 264 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 309 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter worth approximately $31,000. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GLPI. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Stifel Nicolaus set a $47.75 price objective on shares of Gaming and Leisure Properties in a research note on Monday, December 15th. Finally, Barclays reduced their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Five 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, Gaming and Leisure Properties has a consensus rating of “Hold” and a consensus target price of $51.89.

About Gaming and Leisure Properties

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.