Aberdeen Group plc Sells 154,353 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Aberdeen Group plc has reduced its stake in Gaming and Leisure Properties, Inc. by 26.9%, selling 154,353 shares to own approximately 419,429 shares valued at around $21.35 million.
• Several other institutional investors have also adjusted their holdings, with some increasing stakes significantly, leading to institutional ownership at around 91.14% of the company’s stock.
• Gaming and Leisure Properties reported a net margin of 46.32% and a missed EPS estimate for the last quarter, with current fiscal year EPS expectations set at around 3.81.

Aberdeen Group plc trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,429 shares of the real estate investment trust's stock after selling 154,353 shares during the period. Aberdeen Group plc owned about 0.15% of Gaming and Leisure Properties worth $21,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC grew its position in Gaming and Leisure Properties by 4.3% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 124,332 shares of the real estate investment trust's stock worth $6,328,000 after purchasing an additional 5,132 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Gaming and Leisure Properties by 61.9% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 16,388 shares of the real estate investment trust's stock valued at $834,000 after acquiring an additional 6,265 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Gaming and Leisure Properties by 6.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 160,151 shares of the real estate investment trust's stock valued at $8,092,000 after acquiring an additional 9,130 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at about $151,723,000. Finally, Cooper Financial Group boosted its position in shares of Gaming and Leisure Properties by 11.9% during the 1st quarter. Cooper Financial Group now owns 13,827 shares of the real estate investment trust's stock valued at $704,000 after acquiring an additional 1,465 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GLPI shares. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Mizuho decreased their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Barclays decreased their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Macquarie decreased their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Five equities research 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 company currently has a consensus rating of "Hold" and an average target price of $52.52.

Gaming and Leisure Properties Price Performance

GLPI stock traded up $0.76 during trading on Friday, hitting $48.15. 1,915,308 shares of the stock traded hands, compared to its average volume of 1,775,460. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.60. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 10.47 and a beta of 0.71. The company has a 50 day simple moving average of $46.86 and a 200 day simple moving average of $47.85. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same period in the prior year, the business earned $0.94 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.