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

Key Points

• CW Advisors LLC acquired 10,995 shares of Gaming and Leisure Properties, valued at approximately $560,000, indicating growing institutional interest in the company.
• Gaming and Leisure Properties recently reported Q2 earnings of $0.96 per share, slightly missing analysts' expectations, with revenues up 3.8% year-over-year.
• Wall Street analysts have generally issued a consensus rating of "Hold" on the stock, with a mixed outlook on target price adjustments reflecting varying sentiment in the market.

CW Advisors LLC acquired a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,995 shares of the real estate investment trust's stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Martingale Asset Management L P acquired a new position in Gaming and Leisure Properties during the 1st quarter valued at approximately $321,000. Price T Rowe Associates Inc. MD boosted its position in Gaming and Leisure Properties by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock worth $242,597,000 after acquiring an additional 77,562 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Gaming and Leisure Properties by 375.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 191,404 shares of the real estate investment trust's stock worth $9,742,000 after acquiring an additional 151,153 shares during the period. Wellington Management Group LLP boosted its position in Gaming and Leisure Properties by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock worth $588,242,000 after acquiring an additional 349,065 shares during the period. Finally, Korea Investment CORP boosted its position in Gaming and Leisure Properties by 2.2% during the 1st quarter. Korea Investment CORP now owns 315,405 shares of the real estate investment trust's stock worth $16,054,000 after acquiring an additional 6,700 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Macquarie cut their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective on the stock. in a research note on Monday, July 21st. Barclays cut their price objective 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 note on Wednesday, August 20th. Finally, Scotiabank cut their price objective 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 note on Monday, May 12th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.52.

Gaming and Leisure Properties Trading Down 0.3%

Shares of Gaming and Leisure Properties stock opened at $47.75 on Wednesday. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 10.41 and a beta of 0.71. The business has a fifty day simple moving average of $46.93 and a 200-day simple moving average of $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 announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties 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.

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