Gaming and Leisure Properties, Inc. $GLPI Stock Holdings Increased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Gaming and Leisure Properties, owning 11,556,825 shares after a 3.1% boost, representing approximately 4.21% of the company.
• Several hedge funds, including Alpine Bank Wealth Management and TD Private Client Wealth LLC, recently acquired stakes in Gaming and Leisure Properties, reflecting increased institutional interest with 91.14% of the stock held by institutional investors.
• Gaming and Leisure Properties reported earnings of $0.96 per share, missing analysts' expectations, with revenue totaling $394.90 million, a 3.8% year-over-year increase.

Wellington Management Group LLP boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,556,825 shares of the real estate investment trust's stock after buying an additional 349,065 shares during the quarter. Wellington Management Group LLP owned approximately 4.21% of Gaming and Leisure Properties worth $588,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. Alpine Bank Wealth Management bought a new stake in Gaming and Leisure Properties in the first quarter valued at about $26,000. Private Trust Co. NA bought a new stake in Gaming and Leisure Properties in the first quarter valued at about $28,000. TD Private Client Wealth LLC increased its holdings in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 213 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Gaming and Leisure Properties in the first quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. increased its holdings in Gaming and Leisure Properties by 1,872.7% in the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 618 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

GLPI has been the subject of several recent research reports. Wells Fargo & Company lowered 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 report on Monday, June 2nd. Royal Bank Of Canada lowered their target price 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. Stifel Nicolaus lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a report on Monday, July 21st. Scotiabank lowered their target price on 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.16.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $46.55 on Tuesday. 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 stock has a 50 day simple moving average of $46.84 and a 200-day simple moving average of $47.88. The company has a market cap of $13.17 billion, a PE ratio of 18.04, a P/E/G ratio of 10.05 and a beta of 0.71. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results 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). The firm had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on 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 $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. 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 company insiders.

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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