Aew Capital Management L P Buys 111,670 Shares of Gaming and Leisure Properties, Inc. $GLPI

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 raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 873,270 shares of the real estate investment trust's stock after acquiring an additional 111,670 shares during the quarter. Gaming and Leisure Properties makes up about 2.2% of Aew Capital Management L P's portfolio, making the stock its 17th largest 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLPI. Alpine Bank Wealth Management acquired a new position in Gaming and Leisure Properties in the 1st quarter valued at approximately $26,000. Private Trust Co. NA acquired a new position in Gaming and Leisure Properties in the 1st quarter valued at approximately $28,000. TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 213 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. boosted its stake 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 purchasing an additional 618 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective on the stock. in a research note on Monday, July 21st. Royal Bank Of Canada reduced their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Barclays reduced their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 20th. Wells Fargo & Company reduced their price objective 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. Finally, Macquarie cut 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. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $52.69.

Gaming and Leisure Properties Stock Down 0.7%

NASDAQ GLPI traded down $0.32 on Thursday, hitting $47.63. 434,660 shares of the company were exchanged, compared to its average volume of 1,480,943. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The company has a market cap of $13.48 billion, a PE ratio of 18.46, a PEG ratio of 10.39 and a beta of 0.71. The stock has a fifty day moving average of $46.96 and a 200-day moving average of $47.83. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

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 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 during the quarter, compared to the consensus estimate of $397.27 million. During the same period last year, the business 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. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the firm's 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. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.