Corient Private Wealth LP Sells 178,952 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Corient Private Wealth LP reduced its GLPI stake by 58.3%, selling 178,952 shares during the second quarter and retaining 127,815 shares worth approximately $5.7 million. Institutional investors collectively own 91.14% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $48.73, although several firms recently lowered their targets. GLPI shares opened at $39.59, near their 12-month low.
• GLPI reported quarterly revenue of $430.52 million and EPS of $0.80, while announcing a quarterly dividend of $0.82 per share—an annualized yield of approximately 8.3%.

Corient Private Wealth LP cut its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 58.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,815 shares of the real estate investment trust's stock after selling 178,952 shares during the quarter. Corient Private Wealth LP's holdings in Gaming and Leisure Properties were worth $5,692,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $1,596,811,000. Cohen & Steers Inc. acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth $313,242,000. Norges Bank purchased a new stake in Gaming and Leisure Properties in the fourth quarter valued at $167,743,000. Deutsche Bank AG purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth $151,300,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth about $111,960,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLPI has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. Scotiabank decreased their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Stifel Nicolaus reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, July 31st. Finally, Morgan Stanley dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.73.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.11% of the stock is owned by company insiders.

Gaming and Leisure Properties Price Performance

GLPI opened at $39.59 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $39.48 and a twelve month high of $49.95. The company has a fifty day simple moving average of $43.12 and a 200 day simple moving average of $45.35. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.68 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.Gaming and Leisure Properties's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.82 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.3%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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