Cbre Investment Management Listed Real Assets LLC Acquires 88,858 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its holdings in Gaming and Leisure Properties, Inc. by 407.7%, acquiring 88,858 shares, bringing its total ownership to 110,654 shares valued at $5.63 million.
• Insider E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties at an average price of $46.58, resulting in a transaction total of $186,320 and a 2.84% decrease in their ownership.
• Gaming and Leisure Properties, Inc. reported quarterly earnings of $0.96 per share, slightly missing analysts' expectations, while projecting 3.81 EPS for the current fiscal year with a revenue increase of 3.8% year-over-year.

Cbre Investment Management Listed Real Assets LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 407.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,654 shares of the real estate investment trust's stock after purchasing an additional 88,858 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Gaming and Leisure Properties were worth $5,632,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Aew Capital Management L P lifted its position in Gaming and Leisure Properties by 14.7% in the 1st quarter. Aew Capital Management L P now owns 873,270 shares of the real estate investment trust's stock valued at $44,449,000 after purchasing an additional 111,670 shares during the last quarter. AlphaQuest LLC bought a new position in Gaming and Leisure Properties in the 1st quarter valued at about $1,612,000. Compound Planning Inc. grew its position in Gaming and Leisure Properties by 18.0% in the 1st quarter. Compound Planning Inc. now owns 6,836 shares of the real estate investment trust's stock valued at $348,000 after buying an additional 1,045 shares in the last quarter. Ameriprise Financial Inc. grew its position in Gaming and Leisure Properties by 3.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,662,775 shares of the real estate investment trust's stock valued at $135,546,000 after buying an additional 88,365 shares in the last quarter. Finally, Norinchukin Bank The grew its position in Gaming and Leisure Properties by 4.4% in the 1st quarter. Norinchukin Bank The now owns 12,795 shares of the real estate investment trust's stock valued at $651,000 after buying an additional 540 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of recent analyst reports. Mizuho decreased their target price on shares of 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. Royal Bank Of Canada decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Macquarie decreased their target price on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a research report on Monday, July 21st. Finally, Barclays decreased their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $52.52.

Gaming and Leisure Properties Stock Up 0.4%

Shares of GLPI stock traded up $0.20 during trading on Wednesday, hitting $47.95. 2,268,883 shares of the company were exchanged, compared to its average volume of 1,487,516. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 10.41 and a beta of 0.71. The business's 50-day simple moving average is $46.93 and its 200 day simple moving average is $47.83. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.60.

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

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Company Profile

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.