Russell Investments Group Ltd. Sells 199,218 Shares of Gaming and Leisure Properties, Inc. $GLPI

Russell Investments Group Ltd. lessened its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 26.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560,076 shares of the real estate investment trust’s stock after selling 199,218 shares during the period. Russell Investments Group Ltd. owned approximately 0.20% of Gaming and Leisure Properties worth $26,144,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GLPI. Freedom Investment Management Inc. boosted its stake in shares of Gaming and Leisure Properties by 4.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 261 shares during the last quarter. REAP Financial Group LLC lifted its holdings in 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. Whittier Trust Co. lifted its holdings in Gaming and Leisure Properties by 18.4% in the second quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 265 shares during the period. Brooklyn Investment Group boosted its position in Gaming and Leisure Properties by 38.8% in the first quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 296 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Gaming and Leisure Properties by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 78,834 shares of the real estate investment trust’s stock valued at $4,013,000 after purchasing an additional 300 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GLPI. Stifel Nicolaus lowered their price objective on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a research note on Friday, October 31st. Scotiabank upped 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 report on Thursday, August 28th. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Barclays raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $54.00 in a research report on Monday, October 20th. Finally, Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Hold” and an average price target of $52.38.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.26% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $43.54 on Friday. The company has a market capitalization of $12.32 billion, a P/E ratio of 15.77, a P/E/G ratio of 9.44 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 1-year low of $42.26 and a 1-year high of $52.27. The firm’s 50 day simple moving average is $44.86 and its two-hundred day simple moving average is $46.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same period last year, the firm earned $0.95 EPS. The company’s revenue 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. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 7.2%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Gaming and Leisure Properties 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.