110,862 Shares in Gaming and Leisure Properties, Inc. $GLPI Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 110,862 shares of Gaming and Leisure Properties during the second quarter, worth approximately $4.94 million. Institutional investors collectively own 91.14% of GLPI.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $49.91, although several firms recently lowered their targets.
• GLPI shares opened at $42.07, near their one-year low, after the REIT reported quarterly EPS of $0.80 and revenue of $430.52 million, up 9% year over year.

Corient Private Wealth LP purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 110,862 shares of the real estate investment trust's stock, valued at approximately $4,937,000.

Several other hedge funds also recently added to or reduced their stakes in GLPI. Colonial River Investments LLC boosted its position in shares of Gaming and Leisure Properties by 2.1% in the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust's stock worth $487,000 after buying an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of 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 valued at $2,830,000 after buying an additional 237 shares in the last quarter. Essential Partners LLC raised its holdings in shares of Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 240 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock valued at $1,273,000 after buying an additional 245 shares during the period. Finally, Gabelli Funds LLC lifted its position in Gaming and Leisure Properties by 0.4% during the 4th quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust's stock worth $2,895,000 after acquiring an additional 250 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GLPI. JPMorgan Chase & Co. decreased their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, June 30th. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. Cantor Fitzgerald reduced their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Morgan Stanley boosted their target price on shares of 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. Finally, Barclays decreased their target price 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. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.91.

Gaming and Leisure Properties Trading Down 1.2%

NASDAQ:GLPI opened at $42.07 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95. The business's 50-day simple moving average is $43.99 and its 200 day simple moving average is $45.95. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data 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. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the firm earned $0.96 EPS. Gaming and Leisure Properties's quarterly 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. As a group, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction 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. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl C. Shanks purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the acquisition, the director directly owned 107,259 shares of the company's stock, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Company 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.

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