Armstrong Advisory Group Inc. Reduces Position in Gaming and Leisure Properties, Inc. $GLPI

Armstrong Advisory Group Inc. cut its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 18.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 985 shares of the real estate investment trust’s stock after selling 218 shares during the period. Armstrong Advisory Group Inc.’s holdings in Gaming and Leisure Properties were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GLPI. Nuveen LLC purchased a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $151,723,000. Invesco Ltd. increased its position in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock valued at $229,673,000 after purchasing an additional 2,530,463 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Gaming and Leisure Properties by 731.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after purchasing an additional 1,946,575 shares during the last quarter. Millennium Management LLC increased its position in shares of Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock valued at $49,216,000 after purchasing an additional 721,861 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Gaming and Leisure Properties by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust’s stock valued at $588,242,000 after purchasing an additional 349,065 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Up 1.3%

Shares of NASDAQ:GLPI opened at $46.37 on Wednesday. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 9.95 and a beta of 0.73. The firm’s 50-day simple moving average is $47.07 and its 200-day simple moving average is $47.59. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its 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). The firm had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 6.7%. Gaming and Leisure Properties’s payout ratio is presently 120.93%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. 4.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on GLPI. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Wells Fargo & Company dropped their price objective on shares of 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. Barclays dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.85.

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.