Ieq Capital LLC Lowers Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Ieq Capital LLC reduced its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 50.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 195,512 shares of the real estate investment trust’s stock after selling 201,802 shares during the quarter. Ieq Capital LLC’s holdings in Gaming and Leisure Properties were worth $8,706,000 at the end of the most recent quarter.

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

Insider Activity at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $43.55 on Monday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95. The stock has a market cap of $12.67 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a 50-day simple moving average of $44.30 and a 200-day simple moving average of $46.06.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Barclays cut their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Cantor Fitzgerald reduced their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada decreased their target price 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. Finally, Stifel Nicolaus lowered their target price on 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.