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

Freestone Grove Partners LP bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,526 shares of the real estate investment trust’s stock, valued at approximately $4,120,000.

A number of other hedge funds have also bought and sold shares of GLPI. First Trust Advisors LP increased its stake in shares of Gaming and Leisure Properties by 78.7% in the second quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after acquiring an additional 125,098 shares during the period. Cerity Partners LLC lifted its position in Gaming and Leisure Properties by 18.6% during the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 1,608 shares during the period. Bank of Nova Scotia lifted its position in Gaming and Leisure Properties by 16.6% during the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock valued at $868,000 after purchasing an additional 2,646 shares during the period. AXA S.A. boosted its holdings in Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock valued at $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $3,289,000 after purchasing an additional 51,731 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 sale, the director directly owned 127,429 shares of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the director directly owned 107,259 shares of the company’s stock, valued at $4,530,620.16. This represents a 10.28% increase in their position. The disclosure for this purchase is available in the SEC filing. 4.11% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Up 0.6%

GLPI stock opened at $42.56 on Friday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95. 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 has a 50-day simple moving average of $44.03 and a 200-day simple moving average of $45.98. The stock has a market capitalization 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.

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 for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. During the same period last year, the company posted $0.96 EPS. Gaming and Leisure Properties’s quarterly revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GLPI has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Royal Bank Of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. cut their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. Finally, UBS Group set a $49.00 price target on Gaming and Leisure Properties in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.