Mutual of America Capital Management LLC Cuts Holdings in Gaming and Leisure Properties, Inc. $GLPI

Mutual of America Capital Management LLC lowered its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,811 shares of the real estate investment trust’s stock after selling 9,088 shares during the period. Mutual of America Capital Management LLC’s holdings in Gaming and Leisure Properties were worth $9,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. Farther Finance Advisors LLC grew its position in Gaming and Leisure Properties by 210.9% in the first quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,413 shares in the last quarter. GAMMA Investing LLC grew its position in Gaming and Leisure Properties by 31.6% in the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 894 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Gaming and Leisure Properties by 44.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust’s stock worth $904,000 after acquiring an additional 5,440 shares in the last quarter. Advisor Resource Council purchased a new position in Gaming and Leisure Properties in the first quarter worth about $569,000. Finally, Asset Management One Co. Ltd. grew its position in Gaming and Leisure Properties by 2.8% in the first quarter. Asset Management One Co. Ltd. now owns 591,741 shares of the real estate investment trust’s stock worth $30,120,000 after acquiring an additional 16,043 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.5%

Shares of NASDAQ GLPI opened at $44.83 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The company has a market cap of $12.69 billion, a P/E ratio of 17.38, a PEG ratio of 9.75 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 1 year low of $44.21 and a 1 year high of $52.27. The firm has a 50-day simple moving average of $46.76 and a two-hundred day simple moving average of $46.97.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly 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 company had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. 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 presently 120.93%.

Analysts Set New Price Targets

GLPI has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Gaming and Leisure Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $51.00 price target for the company. Barclays dropped their price target on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 20th. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective for the company. in a research note on Monday, July 21st. Macquarie decreased their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Finally, Scotiabank raised their price objective 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. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.71.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 approximately $6,234,172.62. The trade was 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 accessible through the SEC website. Insiders own 4.26% of the company’s stock.

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.