Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 16.5%, owning 103,179 shares valued at approximately $5.25 million after selling 20,400 shares in the first quarter.
• The stock has seen mixed analyst activity, with some lowering target prices; however, it maintains a consensus rating of "Moderate Buy" with an average target price of $53.16.
• Gaming and Leisure Properties reported a quarterly EPS of $0.96, missing estimates, but revenue increased by 3.8% year-over-year despite missing analyst expectations.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,179 shares of the real estate investment trust's stock after selling 20,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Gaming and Leisure Properties were worth $5,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new stake in Gaming and Leisure Properties during the first quarter worth $26,000. Private Trust Co. NA acquired a new stake in Gaming and Leisure Properties during the first quarter worth about $28,000. TD Private Client Wealth LLC increased its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Gaming and Leisure Properties during the first quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Gaming and Leisure Properties by 1,872.7% during the first 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 and hedge funds own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 completion of the transaction, the director owned 136,953 shares in the company, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.26% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Up 0.9%

Shares of NASDAQ GLPI traded up $0.4350 during midday trading on Wednesday, hitting $47.4050. The company's stock had a trading volume of 638,614 shares, compared to its average volume of 1,457,388. Gaming and Leisure Properties, Inc. has a 1 year low of $44.48 and a 1 year high of $52.60. The business's fifty day simple moving average is $46.82 and its two-hundred day simple moving average is $47.87. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 10.12 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.94 EPS. The firm's revenue 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. On average, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Barclays dropped their price target on shares of 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. Macquarie dropped their price target on shares of 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. Wedbush set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $52.88.

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.