Wellington Management Group LLP Has $555.71 Million Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Wellington Management Group LLP decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 8.0% during the 2nd quarter, Holdings Channel reports. The firm owned 12,479,396 shares of the real estate investment trust’s stock after selling 1,086,039 shares during the quarter. Wellington Management Group LLP’s holdings in Gaming and Leisure Properties were worth $555,708,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP boosted its position in 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 valued at $13,255,000 after buying an additional 125,098 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of 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 worth $478,000 after buying an additional 1,608 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Gaming and Leisure Properties by 16.6% in 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 acquiring an additional 2,646 shares during the last quarter. AXA S.A. raised its stake in shares of 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 acquiring an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Gaming and Leisure Properties by 276.2% in the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after acquiring an additional 51,731 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of a number of research analyst reports. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research note on Thursday, June 18th. Royal Bank Of Canada decreased their target price on 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. Finally, Scotiabank raised their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Six equities research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $49.91.

Insiders Place Their Bets

In other news, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Scott Urdang sold 3,000 shares of the company’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 transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $42.56 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $44.03 and its 200-day moving average is $45.98. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.78 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 business had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the business posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue for the quarter 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. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal 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.