Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its holdings in Gaming and Leisure Properties, Inc. by 0.5% in the first quarter, now owning over 2.88 million shares valued at approximately $147 million.
• Gaming and Leisure Properties reported earnings of $0.96 per share for the last quarter, slightly missing analyst estimates, with a revenue of $394.9 million, up 3.8% year-over-year.
• Analysts have mixed views on the stock, with target prices ranging from $48.00 to $55.00, and a consensus rating of "Hold" among investment analysts.

Northern Trust Corp grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,888,510 shares of the real estate investment trust's stock after purchasing an additional 15,504 shares during the period. Northern Trust Corp owned about 1.05% of Gaming and Leisure Properties worth $147,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Gaming and Leisure Properties by 38.8% in the first quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 296 shares during the last quarter. Versor Investments LP boosted its position in Gaming and Leisure Properties by 4.4% in the 1st quarter. Versor Investments LP now owns 21,332 shares of the real estate investment trust's stock valued at $1,086,000 after buying an additional 900 shares during the period. Raymond James Financial Inc. grew its stake in Gaming and Leisure Properties by 9.3% in the 1st quarter. Raymond James Financial Inc. now owns 1,116,315 shares of the real estate investment trust's stock worth $56,820,000 after acquiring an additional 94,973 shares in the last quarter. American Century Companies Inc. increased its position in shares of Gaming and Leisure Properties by 4.5% during the first quarter. American Century Companies Inc. now owns 98,429 shares of the real estate investment trust's stock worth $5,010,000 after acquiring an additional 4,237 shares during the period. Finally, Ethic Inc. purchased a new position in shares of Gaming and Leisure Properties during the first quarter worth approximately $624,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLPI shares. Stifel Nicolaus cut 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. Mizuho lowered their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Scotiabank dropped their price target on 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. Royal Bank Of Canada decreased their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $52.52.

Gaming and Leisure Properties Stock Down 0.6%

Shares of NASDAQ:GLPI traded down $0.31 during trading on Thursday, reaching $47.64. The stock had a trading volume of 197,815 shares, compared to its average volume of 1,479,462. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $13.48 billion, a P/E ratio of 18.47, a PEG ratio of 10.39 and a beta of 0.71. The firm's 50-day simple moving average is $46.96 and its 200 day simple moving average is $47.83. 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 posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The firm had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.26% of the company's stock.

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.