Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in Gaming and Leisure Properties, Inc. by 375.5% during the first quarter, acquiring a total of 191,404 shares worth approximately $9.74 million.
• Gaming and Leisure Properties' quarterly earnings showed a reported EPS of $0.96, missing estimates by $0.01, with revenue totaling $394.90 million.
• Investment analysts have adjusted their price targets for the stock, with Royal Bank of Canada reducing its target from $54.00 to $53.00, reflecting a generally cautious outlook despite a consensus rating of "Moderate Buy."

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 375.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 191,404 shares of the real estate investment trust's stock after buying an additional 151,153 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.07% of Gaming and Leisure Properties worth $9,742,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GLPI. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a report on Monday, July 21st. Scotiabank lowered their price target 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. Wedbush set a $55.00 target price on Gaming and Leisure Properties in a research report on Monday, April 28th. Wells Fargo & Company decreased 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, Mizuho decreased their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $52.52.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the transaction, the director directly owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Down 0.1%

Gaming and Leisure Properties stock traded down $0.0330 during trading hours on Monday, reaching $48.1170. The stock had a trading volume of 365,648 shares, compared to its average volume of 1,470,401. The business's 50 day moving average price is $46.86 and its 200-day moving average price is $47.84. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 52 week low of $44.48 and a 52 week high of $52.60. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 10.47 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million during the quarter, compared to analysts' expectations of $397.27 million. During the same period in the prior year, the firm posted $0.94 earnings per share. Gaming and Leisure Properties's revenue for the quarter 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. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS 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.