Russell Investments Group Ltd. Has $38.65 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Russell Investments Group Ltd. reduced its stake in Gaming and Leisure Properties, Inc. by 6.7%, selling 54,661 shares during the first quarter, leaving it with a holding of approximately $38.6 million.
• Several institutional investors, including TD Private Client Wealth LLC and Cullen Frost Bankers Inc., made significant adjustments to their positions in Gaming and Leisure Properties during the same quarter.
• Stock analysts have recently lowered their price targets for Gaming and Leisure Properties, with average price estimates now at $53.16, while the stock currently has a rating of "Moderate Buy."

Russell Investments Group Ltd. trimmed its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 759,294 shares of the real estate investment trust's stock after selling 54,661 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of Gaming and Leisure Properties worth $38,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. boosted its position in Gaming and Leisure Properties by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock worth $265,000 after buying an additional 211 shares during the period. TD Private Client Wealth LLC raised its stake in shares of 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 valued at $28,000 after acquiring an additional 213 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Gaming and Leisure Properties by 2.6% during the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after purchasing an additional 221 shares during the period. Freedom Investment Management Inc. grew its stake in shares of Gaming and Leisure Properties by 3.8% in the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 222 shares during the last quarter. Finally, Woodward Diversified Capital LLC grew its stake in shares of Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 243 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Macquarie lowered their target price on 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. Stifel Nicolaus downgraded 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. Mizuho cut 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. Barclays raised their price target on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company reduced their price objective 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. Seven equities research 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.16.

Gaming and Leisure Properties Stock Up 0.8%

NASDAQ GLPI traded up $0.3820 on Tuesday, hitting $46.9320. 367,190 shares of the company were exchanged, compared to its average volume of 1,455,179. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market cap of $13.28 billion, a PE ratio of 18.20, a PEG ratio of 10.05 and a beta of 0.71. The stock has a fifty day moving average of $46.84 and a 200-day moving average of $47.88. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly 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). The company had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction 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. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.