Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Reduced by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd cut its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 34.9% in the third quarter, Holdings Channel reports. The firm owned 241,252 shares of the real estate investment trust’s stock after selling 129,059 shares during the period. AustralianSuper Pty Ltd’s holdings in Gaming and Leisure Properties were worth $11,245,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Dodge & Cox raised its position in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after acquiring an additional 108,748 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Gaming and Leisure Properties by 7.5% during the 2nd quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after purchasing an additional 483,174 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Gaming and Leisure Properties by 3.2% during the 2nd quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock valued at $217,408,000 after purchasing an additional 145,172 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Gaming and Leisure Properties by 8.1% in the 2nd quarter. Jennison Associates LLC now owns 4,599,033 shares of the real estate investment trust’s stock valued at $214,683,000 after purchasing an additional 346,462 shares during the last quarter. Finally, Norges Bank bought a new stake in Gaming and Leisure Properties in the second quarter worth $175,169,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Steven Ladany sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the transaction, the senior vice president directly owned 65,099 shares in the company, valued at $2,914,482.23. This represents a 21.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the sale, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,864 shares of company stock worth $1,832,866 in the last ninety days. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $45.36 on Friday. The stock has a 50-day simple moving average of $44.33 and a 200 day simple moving average of $45.53. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $52.24. The stock has a market capitalization of $12.84 billion, a PE ratio of 16.43, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter last year, the firm posted $0.95 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.78 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 113.04%.

Wall Street Analyst Weigh In

Several research firms have commented on GLPI. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a research note on Monday, December 15th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald dropped their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.89.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.