Korea Investment CORP Has $16.05 Million Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Korea Investment CORP increased its stake in Gaming and Leisure Properties, Inc. by 2.2%, owning 315,405 shares worth approximately $16.05 million as reported in its latest SEC filing.
• Several institutional investors, including TD Private Client Wealth LLC and Cullen Frost Bankers Inc., significantly boosted their holdings in Gaming and Leisure Properties during the first quarter.
• The company reported $0.96 earnings per share for the last quarter, slightly missing analysts' estimates, amidst revenue growth of 3.8% compared to the previous year.

Korea Investment CORP raised its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315,405 shares of the real estate investment trust's stock after purchasing an additional 6,700 shares during the quarter. Korea Investment CORP owned 0.11% of Gaming and Leisure Properties worth $16,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Alpine Bank Wealth Management acquired a new stake in Gaming and Leisure Properties in the first quarter valued at about $26,000. TD Private Client Wealth LLC lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 213 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Gaming and Leisure Properties in the first quarter worth about $28,000. 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 in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at approximately $33,000. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GLPI. Royal Bank Of Canada dropped their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Scotiabank dropped their price target on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Macquarie cut their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, July 28th. 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. Finally, Mizuho dropped their target price 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and a consensus target price of $52.87.

Gaming and Leisure Properties Stock Up 1.1%

Shares of NASDAQ GLPI opened at $47.47 on Thursday. The company's 50 day moving average price is $46.82 and its 200-day moving average price is $47.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties, Inc. has a 52-week low of $44.48 and a 52-week high of $52.60. The company has a market capitalization of $13.43 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 10.22 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted 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). The firm had revenue of $394.90 million for 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 company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities 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 news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was 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 $6,379,270.74. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.

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