Key Points
- SVP Steven Ladany sold 18,000 shares of GLPI on Dec. 31 at an average $44.77 (≈$805,860) and later sold additional lots on Jan. 2 and Jan. 5, cutting his stake by 21.66% to 65,099 shares (≈$2.91M).
- GLPI yields 6.9% with a quarterly dividend of $0.78 ($3.12 annual), but the payout ratio is high at 113.04%.
- Key fundamentals: market cap ~$12.75B and P/E 16.33; last quarter EPS $0.97 (beat) and FY2025 guidance of 3.860–3.880 EPS, while analysts have a consensus "Hold" rating with an average target of $51.89.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Steven Ladany sold 2,630 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $44.09, for a total transaction of $115,956.70. Following the completion of the sale, the senior vice president owned 62,469 shares of the company's stock, valued at approximately $2,754,258.21. The trade was a 4.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Steven Ladany also recently made the following trade(s):
- On Monday, January 5th, Steven Ladany sold 2,825 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.30, for a total value of $125,147.50.
- On Wednesday, December 31st, Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $44.77, for a total value of $805,860.00.
Gaming and Leisure Properties Price Performance
Shares of GLPI stock opened at $45.06 on Tuesday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $52.24. The company has a market capitalization of $12.75 billion, a P/E ratio of 16.33 and a beta of 0.67. The stock has a 50 day moving average of $43.99 and a two-hundred day moving average of $45.77. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.Gaming and Leisure Properties's revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.
Gaming and Leisure Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 113.04%.
Institutional Investors Weigh In On Gaming and Leisure Properties
A number of large investors have recently bought and sold shares of the business. Grant Private Wealth Management Inc increased its holdings in Gaming and Leisure Properties by 20.2% during the 4th quarter. Grant Private Wealth Management Inc now owns 5,962 shares of the real estate investment trust's stock valued at $266,000 after purchasing an additional 1,001 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Gaming and Leisure Properties by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 277 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Gaming and Leisure Properties by 30.0% in the third quarter. JPMorgan Chase & Co. now owns 1,787,670 shares of the real estate investment trust's stock valued at $83,323,000 after buying an additional 412,079 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Gaming and Leisure Properties by 141.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,416 shares of the real estate investment trust's stock valued at $113,000 after buying an additional 1,417 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Gaming and Leisure Properties during the 3rd quarter worth about $3,926,000. 91.14% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
GLPI has been the subject of several recent research reports. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 24th. Stifel Nicolaus set a $47.75 target price on Gaming and Leisure Properties in a report on Monday, December 15th. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and upped their price target for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the stock an "outperform" rating in a research note on Wednesday, December 17th. Five 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 stock presently has an average rating of "Hold" and a consensus price target of $51.89.
Get Our Latest Report on GLPI
Gaming and Leisure Properties Company Profile
(
Get Free Report)
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.
Further Reading
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