Wellington Management Group LLP Sells 1,086,039 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Wellington Management reduced its GLPI stake by 8.0%, selling 1,086,039 shares during the second quarter. It retained 12.48 million shares, representing about 4.29% of Gaming and Leisure Properties and valued at $555.7 million.
• GLPI reported quarterly EPS of $0.80, in line with estimates, while revenue of $430.5 million exceeded expectations and increased 9.0% year over year. The REIT issued fiscal 2026 EPS guidance of $4.10–$4.12.
• Analysts maintain a generally positive view, with six Buy and six Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $49.91, above the reported $42.56 share price.

Wellington Management Group LLP cut its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,479,396 shares of the real estate investment trust's stock after selling 1,086,039 shares during the quarter. Wellington Management Group LLP owned approximately 4.29% of Gaming and Leisure Properties worth $555,708,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GLPI. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. Essential Partners LLC grew its holdings in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Blue Trust Inc. bought a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $40,000. Finally, Persistent Asset Partners Ltd bought a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $40,000. Institutional investors own 91.14% of the company's stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares of the company's stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Earl C. Shanks acquired 10,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 approximately $4,530,620.16. This represents a 10.28% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 4.11% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $42.56 on Friday. The stock has a 50 day moving average of $44.03 and a two-hundred day moving average of $45.98. 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, Inc. has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a market capitalization of $12.38 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.78 and a beta of 0.66.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James Financial reissued an "outperform" rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Royal Bank Of Canada cut their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, Scotiabank raised their price target on shares of Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.91.

Gaming and Leisure Properties Profile

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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