Martingale Asset Management L P Invests $321,000 in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Martingale Asset Management L P has acquired a new stake in Gaming and Leisure Properties, purchasing 6,299 shares valued at approximately $321,000.
• Several other institutions increased their stakes, with notable increases from TD Private Client Wealth LLC by 64.2% and Cullen Frost Bankers Inc. by 1,872.7% during the first quarter.
• In its most recent quarterly report, Gaming and Leisure Properties missed EPS estimates with $0.96 reported versus $0.97 expected, but showed a year-over-year revenue increase of 3.8%.

Martingale Asset Management L P purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,299 shares of the real estate investment trust's stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. XTX Topco Ltd acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth $209,000. First Trust Advisors LP grew its holdings in Gaming and Leisure Properties by 70.0% during the 4th quarter. First Trust Advisors LP now owns 210,619 shares of the real estate investment trust's stock worth $10,143,000 after acquiring an additional 86,715 shares during the period. Tower Research Capital LLC TRC grew its holdings in Gaming and Leisure Properties by 21.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,572 shares of the real estate investment trust's stock worth $702,000 after acquiring an additional 2,611 shares during the period. Stifel Financial Corp grew its holdings in Gaming and Leisure Properties by 6.5% during the 4th quarter. Stifel Financial Corp now owns 172,808 shares of the real estate investment trust's stock worth $8,322,000 after acquiring an additional 10,494 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Gaming and Leisure Properties by 36.9% during the 4th quarter. Voya Investment Management LLC now owns 263,842 shares of the real estate investment trust's stock worth $12,707,000 after acquiring an additional 71,111 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares in the company, valued at $6,379,270.74. This represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Up 0.1%

NASDAQ GLPI traded up $0.03 on Thursday, reaching $47.98. The company had a trading volume of 1,130,562 shares, compared to its average volume of 1,695,519. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 10.43 and a beta of 0.71. 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 1-year low of $44.48 and a 1-year high of $52.60. The company's fifty day moving average is $46.99 and its 200-day moving average is $47.83.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced 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 company 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%.Gaming and Leisure Properties's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of 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. 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 report on Monday, June 2nd. 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 report on Monday, June 16th. Macquarie lowered their price objective 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. Finally, Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research report on Monday, July 21st. Five 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 stock has an average rating of "Hold" and a consensus target price of $52.69.

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.