US Bancorp DE Decreases Position in Gaming and Leisure Properties, Inc. $GLPI

US Bancorp DE cut its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 5.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 37,678 shares of the real estate investment trust’s stock after selling 2,061 shares during the period. US Bancorp DE’s holdings in Gaming and Leisure Properties were worth $1,759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GLPI. Ignite Planners LLC raised its position in shares of Gaming and Leisure Properties by 8.8% during the 2nd quarter. Ignite Planners LLC now owns 14,021 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 1,136 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $289,000. REAP Financial Group LLC increased its position in shares of Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 264 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Gaming and Leisure Properties by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 77,300 shares of the real estate investment trust’s stock valued at $3,608,000 after acquiring an additional 400 shares during the period. Finally, Capital Advisors Inc. OK bought a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $253,000. 91.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective on the stock. in a report on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price objective for the company. 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 report on Monday, July 28th. Finally, Barclays decreased their price objective on shares of 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. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.71.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Stock Up 0.3%

Shares of GLPI stock opened at $44.83 on Thursday. Gaming and Leisure Properties, Inc. has a 12 month low of $44.21 and a 12 month high of $52.27. The stock has a market cap of $12.69 billion, a P/E ratio of 17.38, a P/E/G ratio of 9.72 and a beta of 0.74. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a 50 day simple moving average of $46.81 and a two-hundred day simple moving average of $47.10.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS 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 business had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $397.27 million. During the same period in the prior year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts expect 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. Shareholders of record on Friday, September 12th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 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.