Gaming and Leisure Properties (NASDAQ:GLPI) Director Buys $422,400.00 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Earl Shanks acquired 10,000 shares of Gaming and Leisure Properties 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 purchase, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This represents a 10.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Gaming and Leisure Properties Stock Down 0.4%

Shares of Gaming and Leisure Properties stock opened at $43.55 on Friday. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. 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 market capitalization of $12.67 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.83 and a beta of 0.66. The company has a 50 day moving average of $44.30 and a 200 day moving average of $46.05.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue for the quarter 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, research analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several hedge funds have recently bought and sold shares of GLPI. Colonial River Investments LLC raised its position in shares of Gaming and Leisure Properties by 2.1% during the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 227 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock valued at $2,830,000 after buying an additional 237 shares during the last quarter. Essential Partners LLC increased its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after buying an additional 245 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Gaming and Leisure Properties by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock worth $2,895,000 after buying an additional 250 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLPI has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. Barclays cut their price target on 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 decreased their price target on 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. Raymond James Financial reiterated an “outperform” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

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.