Ethic Inc. Makes New Investment in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Ethic Inc. has made a new investment in Gaming and Leisure Properties, Inc. (GLPI), acquiring 12,286 shares worth approximately $624,000 in the first quarter.
• Institutional investors control around 91.14% of Gaming and Leisure Properties, with several firms, including Toronto Dominion Bank and Farther Finance Advisors, significantly increasing their holdings.
• Analysts have downgraded their price targets for Gaming and Leisure Properties, with Barclays reducing it from $55.00 to $51.00 while maintaining an "equal weight" rating.

Ethic Inc. bought a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,286 shares of the real estate investment trust's stock, valued at approximately $624,000.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank raised its holdings in Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock worth $1,776,000 after buying an additional 905 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in Gaming and Leisure Properties in the first quarter worth about $217,000. Envestnet Asset Management Inc. raised its holdings in Gaming and Leisure Properties by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock worth $30,788,000 after buying an additional 16,617 shares during the last quarter. Assetmark Inc. raised its holdings in Gaming and Leisure Properties by 49.6% in the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust's stock worth $50,000 after buying an additional 328 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Gaming and Leisure Properties by 210.9% in the first quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock worth $106,000 after buying an additional 1,413 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company'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 completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale 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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. 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 report on Wednesday. Macquarie decreased their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a report on Monday, July 21st. Finally, Scotiabank decreased their price objective 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and an average target price of $52.87.

Gaming and Leisure Properties Stock Up 1.1%

Shares of GLPI stock opened at $47.47 on Thursday. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The stock has a market cap of $13.43 billion, a P/E ratio of 18.40, a P/E/G ratio of 10.22 and a beta of 0.71. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a 50 day simple moving average of $46.82 and a two-hundred day simple moving average of $47.87.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 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 business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same period in the prior year, the company posted $0.94 earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current 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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