Gaming and Leisure Properties, Inc. $GLPI Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,909,016 shares of the real estate investment trust’s stock after selling 215,303 shares during the period. Legal & General Group Plc’s holdings in Gaming and Leisure Properties were worth $85,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLPI. Colonial River Investments LLC increased its position in Gaming and Leisure Properties by 2.1% in the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 227 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after acquiring an additional 237 shares during the period. Essential Partners LLC grew its stake in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after purchasing an additional 245 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after purchasing an additional 250 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased 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 of the company’s stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was 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 in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $42.31 on Friday. The firm’s 50 day moving average is $44.07 and its 200-day moving average is $46.00. The stock has a market capitalization of $12.31 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.78 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on GLPI shares. JPMorgan Chase & Co. reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Scotiabank boosted 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. Stifel Nicolaus reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Finally, Cantor Fitzgerald dropped their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.91.

Gaming and Leisure Properties Company 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.