Globeflex Capital L P Buys Shares of 14,631 Gaming and Leisure Properties, Inc. $GLPI

Globeflex Capital L P bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,631 shares of the real estate investment trust’s stock, valued at approximately $652,000.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after buying an additional 125,098 shares during the period. Cerity Partners LLC grew its holdings in Gaming and Leisure Properties by 18.6% during the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 1,608 shares during the period. Bank of Nova Scotia raised its position in shares of Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock valued at $868,000 after acquiring an additional 2,646 shares during the last quarter. AXA S.A. raised its position in shares of Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock valued at $1,846,000 after acquiring an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Gaming and Leisure Properties by 276.2% in the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $3,289,000 after purchasing an additional 51,731 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Trading Down 2.0%

GLPI opened at $43.03 on Wednesday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.84 and a beta of 0.66. The firm’s fifty day simple moving average is $44.17 and its 200 day simple moving average is $46.04. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Stifel Nicolaus cut their target price 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. Cantor Fitzgerald reduced their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Raymond James Financial restated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Finally, Scotiabank upped their price target on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

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.