Globeflex Capital L P Takes $652,000 Position in Gaming and Leisure Properties, Inc. $GLPI

Globeflex Capital L P bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, HoldingsChannel reports. The institutional investor bought 14,631 shares of the real estate investment trust’s stock, valued at approximately $652,000.

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

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $43.03 on Wednesday. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $12.52 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.84 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The firm has a 50-day moving average price of $44.17 and a two-hundred day moving average price of $46.04.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Earl C. Shanks acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the company’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 approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.11% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on GLPI. Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Barclays decreased their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.91.

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.