Key Points
- SVP Steven Ladany sold 13,409 GLPI shares on Jan. 7 at an average price of $45.04 for $603,941 and has executed several recent sales (including 18,000 shares on Dec. 31), cutting his stake by 18.81% to 57,886 shares (≈$2.61M).
- GLPI pays a $0.78 quarterly dividend ($3.12 annualized) for a ~7.0% yield113%, while management guided FY2025 EPS to 3.860–3.880 (analysts expect ~3.81 EPS).
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Steven Ladany sold 13,409 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the transaction, the senior vice president directly owned 57,886 shares in the company, valued at $2,607,185.44. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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 transaction of $125,147.50.
- On Friday, January 2nd, Steven Ladany sold 2,630 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $44.09, for a total transaction of $115,956.70.
- 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 transaction of $805,860.00.
Gaming and Leisure Properties Trading Up 0.6%
GLPI opened at $44.89 on Thursday. The stock has a market capitalization of $12.70 billion, a PE ratio of 16.26, a P/E/G ratio of 2.47 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The business's 50 day moving average price is $44.02 and its 200 day moving average price is $45.75.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted 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. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. 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. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.
Gaming and Leisure Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties's payout ratio is 113.04%.
Institutional Trading of Gaming and Leisure Properties
Several hedge funds have recently modified their holdings of GLPI. Spire Wealth Management boosted its holdings in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $30,000. REAP Financial Group LLC raised its position in Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 264 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Gaming and Leisure Properties by 89.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 309 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $31,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on GLPI. Stifel Nicolaus set a $47.75 price target on shares of Gaming and Leisure Properties in a research report on Monday, December 15th. Cantor Fitzgerald lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, December 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on 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. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of "Hold" and a consensus target price of $51.89.
Read Our Latest Analysis on GLPI
About Gaming and Leisure Properties
(
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.
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