Gaming and Leisure Properties, Inc. $GLPI Position Reduced by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 62.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,725 shares of the real estate investment trust’s stock after selling 26,486 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Gaming and Leisure Properties were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial River Investments LLC raised its stake in shares of Gaming and Leisure Properties by 2.1% in the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 227 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Gaming and Leisure Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after purchasing an additional 237 shares in the last quarter. Essential Partners LLC grew its stake in Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Gaming and Leisure Properties by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after purchasing an additional 245 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in Gaming and Leisure Properties by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after buying an additional 250 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director owned 107,259 shares of the company’s stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on GLPI shares. JPMorgan Chase & Co. cut their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Barclays lowered their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Stifel Nicolaus reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $43.55 on Monday. The company has a market cap of $12.67 billion, a PE ratio of 12.77, a P/E/G ratio of 1.82 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The firm has a 50-day simple moving average of $44.30 and a 200 day simple moving average of $46.06. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter last year, the company posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

About Gaming and Leisure Properties

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.