Landscape Capital Management L.L.C. Cuts Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Landscape Capital Management cut its Gaming and Leisure Properties position by 62.7% in the second quarter, selling 26,486 shares and retaining 15,725 shares valued at approximately $700,000.
• GLPI maintains a “Moderate Buy” consensus rating from analysts, with six Buy and six Hold ratings and an average price target of $49.91, despite several recent target-price reductions.
• The REIT reported second-quarter revenue of $430.52 million and EPS of $0.80, matching expectations; revenue rose 9% year over year, while the stock recently traded at $43.55.

Landscape Capital Management L.L.C. trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 62.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,725 shares of the real estate investment trust's stock after selling 26,486 shares during the period. Landscape Capital Management L.L.C.'s holdings in Gaming and Leisure Properties were worth $700,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Colonial River Investments LLC raised its stake in shares of Gaming and Leisure Properties by 2.1% in the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust's stock valued at $487,000 after acquiring an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust's stock valued at $2,830,000 after acquiring an additional 237 shares in the last quarter. Essential Partners LLC boosted its position in Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 240 shares during the period. Kestra Private Wealth Services LLC boosted its position in Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock worth $1,273,000 after purchasing an additional 245 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Gaming and Leisure Properties by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust's stock valued at $2,895,000 after purchasing an additional 250 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLPI has been the topic of several research reports. Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Stifel Nicolaus decreased their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, July 31st. Cantor Fitzgerald lowered their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Raymond James Financial reiterated an "outperform" rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company reduced their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.91.

Gaming and Leisure Properties Price Performance

GLPI opened at $43.55 on Monday. The company has a fifty day simple moving average of $44.30 and a 200 day simple moving average of $46.06. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.82 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the transaction, the director owned 127,429 shares of the company's stock, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.11% of the stock is currently owned by insiders.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company's core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.

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