Fuller & Thaler Asset Management Inc. Has $3.24 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Gaming and Leisure Properties by 34.7% in Q1, now holding shares worth $3.24 million.
• Gaming and Leisure Properties reported $0.96 EPS for the latest quarter, missing estimates, with revenue of $394.90 million, a 3.8% year-over-year increase.
• Institutional investors own approximately 91.14% of Gaming and Leisure Properties stock, indicating strong interest among larger funds.

Fuller & Thaler Asset Management Inc. cut its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 34.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,613 shares of the real estate investment trust's stock after selling 33,772 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Gaming and Leisure Properties were worth $3,238,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Gaming and Leisure Properties in the first quarter worth $26,000. TD Private Client Wealth LLC increased its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 213 shares during the period. Private Trust Co. NA bought a new position in Gaming and Leisure Properties during the first quarter worth $28,000. Cullen Frost Bankers Inc. increased its holdings in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 618 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in Gaming and Leisure Properties in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Up 1.1%

Shares of NASDAQ GLPI opened at $47.47 on Thursday. The firm's 50-day simple moving average is $46.82 and its 200 day simple moving average is $47.87. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 10.22 and a beta of 0.71. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (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 firm's quarterly revenue was up 3.8% on a year-over-year basis. 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, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director owned 136,953 shares in the company, valued at $6,379,270.74. This represents a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GLPI shares. Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Macquarie reduced their target price 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 downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a research note on Monday, July 21st. Mizuho reduced their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, Wells Fargo & Company reduced their target price 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. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.87.

About Gaming and Leisure Properties

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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