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

Ieq Capital LLC trimmed its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 50.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,512 shares of the real estate investment trust’s stock after selling 201,802 shares during the quarter. Ieq Capital LLC owned about 0.07% of Gaming and Leisure Properties worth $8,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $1,596,811,000. Cohen & Steers Inc. acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $313,242,000. Norges Bank acquired a new position in Gaming and Leisure Properties during the fourth quarter worth $167,743,000. Deutsche Bank AG purchased a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $151,300,000. Finally, Bank of New York Mellon Corp purchased a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $111,960,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLPI. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Stifel Nicolaus reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average price target of $49.91.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $43.55 on Monday. The firm has a market cap of $12.67 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.82 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 company’s 50-day moving average price is $44.30 and its 200 day moving average price is $46.06. 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 (NASDAQ:GLPI) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. Gaming and Leisure Properties’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

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.