Corient Private Wealth LP Decreases Stake in Gaming and Leisure Properties, Inc. $GLPI

Corient Private Wealth LP decreased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 56.4% during the second quarter, HoldingsChannel reports. The firm owned 133,692 shares of the real estate investment trust’s stock after selling 173,075 shares during the quarter. Corient Private Wealth LP’s holdings in Gaming and Leisure Properties were worth $5,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLPI. Bamco Inc. NY purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth $82,120,000. Bank of America Corp DE purchased a new stake in shares of Gaming and Leisure Properties during the second quarter valued at $54,270,000. Strategic Global Advisors LLC increased its position in shares of Gaming and Leisure Properties by 5.8% in the 2nd quarter. Strategic Global Advisors LLC now owns 21,480 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 1,179 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $4,120,000. Finally, Man Group plc purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth $260,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GLPI. 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 report on Tuesday, June 30th. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Wells Fargo & Company reduced their price target on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Insider Activity at Gaming and Leisure Properties

In other news, 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 transaction of $144,960.00. Following the sale, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Earl C. Shanks acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $42.07 on Tuesday. The stock has a market cap of $12.24 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. The business has a 50-day simple moving average of $43.99 and a 200-day simple moving average of $45.95. 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, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95.

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

Gaming and Leisure Properties Profile

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.