Corient Private Wealth LP Invests $4.94 Million in Gaming and Leisure Properties, Inc. $GLPI

Corient Private Wealth LP purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, Holdings Channel reports. The fund purchased 110,862 shares of the real estate investment trust’s stock, valued at approximately $4,937,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLPI. SHP Wealth Management acquired a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $31,000. Essential Partners LLC grew its position in shares of 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 worth $39,000 after acquiring an additional 240 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $40,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $40,000. 91.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target 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. Stifel Nicolaus decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a report on Friday, July 31st. Royal Bank Of Canada decreased their price objective on shares of 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. Raymond James Financial reiterated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Finally, Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $42.07 on Tuesday. 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 firm’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $45.95. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $49.95. The stock has a market capitalization of $12.24 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.78 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted 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 company had revenue of $430.52 million during 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 revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Earl C. Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.11% of the company’s stock.

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.