Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 151,033 shares of the real estate investment trust’s stock after selling 9,118 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Gaming and Leisure Properties were worth $7,017,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Gaming and Leisure Properties by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust’s stock valued at $30,788,000 after acquiring an additional 16,617 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in Gaming and Leisure Properties during the 1st quarter valued at approximately $385,000. Allworth Financial LP increased its holdings in Gaming and Leisure Properties by 0.7% during the 1st quarter. Allworth Financial LP now owns 70,481 shares of the real estate investment trust’s stock worth $3,456,000 after purchasing an additional 458 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in Gaming and Leisure Properties by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 65,700 shares of the real estate investment trust’s stock worth $3,344,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.7%

NASDAQ GLPI opened at $44.95 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a one year low of $42.26 and a one year high of $52.27. The company has a 50-day simple moving average of $46.05 and a 200-day simple moving average of $46.63. The firm has a market capitalization of $12.72 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 9.75 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping 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 $397.60 million for the quarter, compared to analysts’ expectations of $399.66 million. During the same quarter last year, the company posted $0.95 earnings per share. Gaming and Leisure Properties’s revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GLPI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald decreased their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday. 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 for the company in a research report on Monday, July 28th. Macquarie reduced their price target 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. Finally, Barclays upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $54.00 in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.50.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties 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.