Gaming and Leisure Properties, Inc. $GLPI Stock Position Boosted by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Gaming and Leisure Properties by 6.0%, holding a total of 160,151 shares worth approximately $8.1 million after purchasing an additional 9,130 shares in Q1.
• The stock price of Gaming and Leisure Properties (NASDAQ:GLPI) reached $46.20, with a market cap of $13.08 billion and a PE ratio of 17.91, reflecting its relatively strong performance despite a recent earnings miss.
• Numerous institutional investors are actively engaged with the stock, with total institutional ownership at 91.14%, suggesting strong confidence in the company's long-term prospects.

Resona Asset Management Co. Ltd. raised its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,151 shares of the real estate investment trust's stock after purchasing an additional 9,130 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.06% of Gaming and Leisure Properties worth $8,092,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLPI. Toronto Dominion Bank grew its position in Gaming and Leisure Properties by 2.5% during the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock valued at $1,776,000 after acquiring an additional 905 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth about $217,000. Envestnet Asset Management Inc. raised its holdings in Gaming and Leisure Properties by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock valued at $30,788,000 after buying an additional 16,617 shares during the period. Assetmark Inc. raised its holdings in Gaming and Leisure Properties by 49.6% in the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 328 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Gaming and Leisure Properties by 210.9% during the first quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock valued at $106,000 after buying an additional 1,413 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on GLPI shares. Wells Fargo & Company cut their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. 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 research report on Monday, July 28th. Mizuho reduced their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Wedbush set a $55.00 target price on Gaming and Leisure Properties in a research note on Monday, April 28th. Finally, Barclays boosted their price target on Gaming and Leisure Properties from $54.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.16.

Gaming and Leisure Properties Stock Performance

Shares of GLPI traded up $0.40 during mid-day trading on Tuesday, hitting $46.95. The stock had a trading volume of 340,950 shares, compared to its average volume of 1,455,179. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market cap of $13.29 billion, a PE ratio of 18.16, a PEG ratio of 10.05 and a beta of 0.71. The company's fifty day simple moving average is $46.84 and its two-hundred day simple moving average is $47.88.

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 the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Insider Activity

In related 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 value of $186,320.00. Following the sale, the director owned 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.26% of the company's stock.

About Gaming and Leisure Properties

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.