Freestone Grove Partners LP Takes $4.12 Million Position in Gaming and Leisure Properties, Inc. $GLPI

Freestone Grove Partners LP acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, Holdings Channel.com reports. The fund acquired 92,526 shares of the real estate investment trust’s stock, valued at approximately $4,120,000.

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

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’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 completion of the transaction, the director owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction dated 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 transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. 4.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GLPI has been the subject of several research analyst reports. Barclays lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Stifel Nicolaus reduced their price target 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. 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 on the stock in a report on Monday, August 3rd. Raymond James Financial reaffirmed 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. Finally, Cantor Fitzgerald dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.91.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $42.56 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market cap of $12.38 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.77 and a beta of 0.66. The stock has a 50-day moving average of $44.03 and a two-hundred day moving average of $45.98. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (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 business had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue 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. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

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.