Dimensional Fund Advisors LP Has $204.38 Million Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Gaming and Leisure Properties, Inc. by 2.3%, now holding approximately 1.46% of the company, valued at $204.4 million.
• In the first quarter, several institutional investors increased their stakes in the company, with First Trust Advisors LP boosting its ownership by 70%, now holding over 210,000 shares.
• Gaming and Leisure Properties reported an EPS of $0.96 for the last quarter, slightly missing analysts' estimates, while revenue also fell short of expectations at $394.9 million.

Dimensional Fund Advisors LP lowered its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,015,338 shares of the real estate investment trust's stock after selling 94,938 shares during the quarter. Dimensional Fund Advisors LP owned 1.46% of Gaming and Leisure Properties worth $204,376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Gaming and Leisure Properties in the first quarter worth $151,723,000. Invesco Ltd. lifted its position in shares of Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. Northern Trust Corp lifted its position in shares of Gaming and Leisure Properties by 48.2% in the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after purchasing an additional 933,842 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gaming and Leisure Properties in the first quarter worth $12,114,000. Finally, Hsbc Holdings PLC increased its holdings in Gaming and Leisure Properties by 41.5% during the fourth quarter. Hsbc Holdings PLC now owns 800,089 shares of the real estate investment trust's stock worth $38,452,000 after buying an additional 234,473 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI traded up $0.76 during midday trading on Friday, reaching $48.15. 1,915,308 shares of the company were exchanged, compared to its average volume of 1,671,912. The stock's 50-day moving average price is $46.86 and its 200-day moving average price is $47.84. The stock has a market cap of $13.63 billion, a P/E ratio of 18.66, a PEG ratio of 10.47 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 one year low of $44.48 and a one year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same period last year, the business earned $0.94 EPS. The company's revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GLPI. 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 report on Monday, July 21st. Scotiabank dropped 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 report on Monday, May 12th. Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Wells Fargo & Company cut their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Hold" and a consensus target price of $52.52.

Insider Buying and Selling at Gaming and Leisure Properties

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

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.