Atria Investments Inc Sells 3,808 Shares of Gaming and Leisure Properties, Inc. $GLPI

Atria Investments Inc lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 24.2% during the 2nd quarter, Holdings Channel reports. The firm owned 11,896 shares of the real estate investment trust’s stock after selling 3,808 shares during the quarter. Atria Investments Inc’s holdings in Gaming and Leisure Properties were worth $555,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC increased its stake in Gaming and Leisure Properties by 407.7% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust’s stock worth $5,632,000 after acquiring an additional 88,858 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in 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 purchasing an additional 16,617 shares during the last quarter. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 49.6% in the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 328 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Gaming and Leisure Properties by 6.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 160,151 shares of the real estate investment trust’s stock worth $8,092,000 after buying an additional 9,130 shares during the last quarter. Finally, FJ Capital Management LLC bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $354,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Up 1.7%

Gaming and Leisure Properties stock opened at $44.95 on Monday. Gaming and Leisure Properties, Inc. has a 52 week low of $42.26 and a 52 week high of $52.27. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 9.75 and a beta of 0.74. The stock has a 50-day moving average price of $46.05 and a 200 day moving average price of $46.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $397.60 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 for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

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

Analyst Ratings Changes

GLPI has been the topic of a number of analyst reports. Mizuho boosted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Stifel Nicolaus dropped their price objective on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a report on Friday, October 31st. Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada reduced 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. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Hold” and a consensus target price of $52.50.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.26% of the company’s stock.

About Gaming and Leisure Properties

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.