Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by Aew Capital Management L P

Key Points

• Aew Capital Management L P increased its stake in Gaming and Leisure Properties, Inc. by 14.7%, owning 873,270 shares worth approximately $44.4 million as of the end of Q1.
• Multiple institutional investors, including Nuveen LLC and Invesco Ltd., have also made significant changes to their positions in GLPI, highlighting increased interest in the stock.
• Analyst ratings have lowered price targets for Gaming and Leisure Properties, with Barclays and Wells Fargo setting new targets at $51.00 and $49.00 respectively, maintaining an "equal weight" rating.

Aew Capital Management L P lifted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 873,270 shares of the real estate investment trust's stock after purchasing an additional 111,670 shares during the quarter. Gaming and Leisure Properties makes up 2.2% of Aew Capital Management L P's investment portfolio, making the stock its 17th biggest holding. Aew Capital Management L P owned about 0.32% of Gaming and Leisure Properties worth $44,449,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GLPI. Nuveen LLC acquired a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at about $151,723,000. Invesco Ltd. boosted its position in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock valued at $229,673,000 after purchasing an additional 2,530,463 shares during the period. Northern Trust Corp lifted its position in Gaming and Leisure Properties by 48.2% during the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after acquiring an additional 933,842 shares during the period. Wellington Management Group LLP lifted 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, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gaming and Leisure Properties during the 1st quarter worth approximately $12,114,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays decreased their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price objective 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. Macquarie decreased their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Scotiabank decreased their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Mizuho decreased their price objective 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 research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.52.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $48.15 on Friday. Gaming and Leisure Properties, Inc. has a 1-year low of $44.48 and a 1-year high of $52.60. The company has a market capitalization of $13.63 billion, a P/E ratio of 18.66, a PEG ratio of 10.31 and a beta of 0.71. The business has a 50 day moving average price of $46.86 and a 200 day moving average price of $47.86. 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 (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 during the quarter, compared to analysts' expectations of $397.27 million. During the same period in the previous year, the business earned $0.94 earnings per share. The business's revenue for the quarter 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. Sell-side analysts expect 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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