Fiduciary Family Office LLC Lowers Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Fiduciary Family Office LLC decreased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,327 shares of the real estate investment trust’s stock after selling 2,162 shares during the period. Fiduciary Family Office LLC’s holdings in Gaming and Leisure Properties were worth $1,229,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GLPI. GAMMA Investing LLC raised its position in Gaming and Leisure Properties by 31.6% during the first quarter. GAMMA Investing LLC now owns 3,720 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 894 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Gaming and Leisure Properties by 44.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,770 shares of the real estate investment trust’s stock valued at $904,000 after purchasing an additional 5,440 shares in the last quarter. Advisor Resource Council purchased a new stake in Gaming and Leisure Properties during the first quarter valued at about $569,000. Asset Management One Co. Ltd. raised its position in Gaming and Leisure Properties by 2.8% during the first quarter. Asset Management One Co. Ltd. now owns 591,741 shares of the real estate investment trust’s stock valued at $30,120,000 after purchasing an additional 16,043 shares in the last quarter. Finally, Family Legacy Inc. raised its position in Gaming and Leisure Properties by 5.0% during the first quarter. Family Legacy Inc. now owns 18,526 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 888 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 0.6%

NASDAQ GLPI opened at $45.11 on Tuesday. 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 stock has a market capitalization of $12.77 billion, a PE ratio of 17.48, 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 business’s 50-day moving average is $46.75 and its 200 day moving average is $46.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). The business had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. 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 120.93%.

Analysts Set New Price Targets

A number of research firms have weighed in on GLPI. Cantor Fitzgerald began coverage on Gaming and Leisure Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target on the stock. Scotiabank lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Barclays upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $51.00 to $54.00 in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.94.

Insider Activity

In related news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director directly owned 133,953 shares of the company’s stock, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.26% of the stock is owned by insiders.

About Gaming and Leisure Properties

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.