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

Key Points

• Corient Private Wealth LP cut its GLPI stake by 56.4% in the second quarter, selling 173,075 shares and retaining 133,692 shares valued at approximately $5.95 million. Institutional investors collectively own 91.14% of the REIT.
• Analyst sentiment remains moderately positive, with six Buy and six Hold ratings and a consensus “Moderate Buy” rating. The average price target is $49.91, despite several recent target adjustments.
• GLPI reported second-quarter EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. The stock opened at $42.07, near its one-year low of $41.17.

Corient Private Wealth LP reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 56.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust's stock valued at $13,255,000 after purchasing an additional 125,098 shares during the last quarter. Cerity Partners LLC lifted its position in Gaming and Leisure Properties by 18.6% in the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust's stock worth $478,000 after buying an additional 1,608 shares during the last quarter. Bank of Nova Scotia lifted its position in Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust's stock worth $868,000 after buying an additional 2,646 shares during the last quarter. AXA S.A. boosted its stake in Gaming and Leisure Properties by 478.5% during the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust's stock worth $1,846,000 after buying an additional 32,708 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Gaming and Leisure Properties by 276.2% during the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust's stock worth $3,289,000 after buying an additional 51,731 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GLPI has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Scotiabank upped their price target on shares of Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a "sector perform" rating in a report on Thursday, August 13th. Morgan Stanley upped their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Wells Fargo & Company reduced 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 report on Wednesday, July 15th. Finally, Weiss Ratings lowered Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.91.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $42.07 on Tuesday. The company has a market capitalization of $12.24 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.78 and a beta of 0.66. The company's 50-day simple moving average is $43.99 and its two-hundred day simple moving average is $45.95. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) 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 in the previous year, the business earned $0.96 earnings per share. 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, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the business'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 value of $144,960.00. Following the completion of the transaction, the director owned 127,429 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director owned 107,259 shares of the company's stock, valued at $4,530,620.16. This trade 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 corporate insiders.

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.

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