Impact Partnership Wealth LLC Lowers Holdings in Gaming and Leisure Properties, Inc. $GLPI

Impact Partnership Wealth LLC trimmed its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,625 shares of the real estate investment trust’s stock after selling 1,509 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Gaming and Leisure Properties were worth $356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in Gaming and Leisure Properties during the first quarter valued at $28,000. TD Private Client Wealth LLC grew its position in Gaming and Leisure Properties by 64.2% during 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 buying an additional 213 shares during the period. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties during the second quarter valued at $30,000. REAP Financial Group LLC grew its position in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Gaming and Leisure Properties during the first quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of several analyst reports. Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $51.00 to $54.00 in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target 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. Scotiabank lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Finally, Macquarie dropped their target price 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. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.94.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Down 2.1%

GLPI opened at $42.74 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $42.70 and a twelve month high of $52.27. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $46.41 and a 200 day moving average price of $46.81. The company has a market cap of $12.10 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 9.49 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released 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. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $397.60 million during the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’s revenue for the quarter 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. Sell-side analysts expect 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 firm also recently declared 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 7.3%. Gaming and Leisure Properties’s 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.