AlphaQuest LLC Acquires New Shares in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• AlphaQuest LLC has acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), purchasing 31,679 shares valued at approximately $1,612,000.
• Various institutional investors have increased their stakes in the company, with a total of 91.14% of the stock now owned by institutional investors.
• Gaming and Leisure Properties recently reported $0.96 EPS for the quarter, missing analysts' expectations, and has set its FY 2025 guidance at 3.850-3.87 EPS.

AlphaQuest LLC purchased a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,679 shares of the real estate investment trust's stock, valued at approximately $1,612,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $26,000. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $28,000. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. Wayfinding Financial LLC bought a new position in Gaming and Leisure Properties during the first quarter worth $33,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Gaming and Leisure Properties by 1,872.7% during the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 618 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded up $0.20 on Wednesday, reaching $47.95. 2,268,883 shares of the company traded hands, compared to its average volume of 1,487,516. The stock has a market capitalization of $13.57 billion, a PE ratio of 18.59, a P/E/G ratio of 10.41 and a beta of 0.71. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The company's 50 day moving average is $46.93 and its 200-day moving average is $47.83. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $397.27 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Stifel Nicolaus lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a report on Monday, July 21st. Mizuho reduced their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Barclays dropped their target price on 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, August 20th. Finally, Scotiabank reduced their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Hold" and a consensus target price of $52.52.

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.