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

Lecap Asset Management Ltd. cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 28.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,315 shares of the real estate investment trust’s stock after selling 10,139 shares during the period. Lecap Asset Management Ltd.’s holdings in Gaming and Leisure Properties were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GLPI. Nuveen LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $151,723,000. Invesco Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 127.7% during the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Gaming and Leisure Properties by 731.7% during the first 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 worth $112,622,000 after purchasing an additional 1,946,575 shares during the period. Millennium Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 294.6% during the first quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock worth $49,216,000 after purchasing an additional 721,861 shares during the period. Finally, Ninety One UK Ltd lifted its holdings in shares of Gaming and Leisure Properties by 34.5% during the second quarter. Ninety One UK Ltd now owns 2,101,197 shares of the real estate investment trust’s stock worth $98,084,000 after purchasing an additional 538,554 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction 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 transaction, 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 filing with the SEC, which is available through the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GLPI has been the subject of several recent research reports. Stifel Nicolaus downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target for the company. in a report on Monday, July 21st. Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Barclays reduced their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, August 20th. Mizuho raised their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald started coverage on Gaming and Leisure Properties in a report on Wednesday. They issued a “neutral” rating and a $51.00 target price for the company. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.71.

Gaming and Leisure Properties Trading Up 1.1%

Shares of GLPI stock opened at $47.14 on Thursday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.27. The stock has a market cap of $13.34 billion, a P/E ratio of 18.27, a P/E/G ratio of 10.13 and a beta of 0.75. The business has a fifty day simple moving average of $46.98 and a 200-day simple moving average of $47.46. 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 (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. During the same quarter in the prior year, the business earned $0.94 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given 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 6.6%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 120.93%.

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.