Bamco Inc. NY Makes New Investment in Gaming and Leisure Properties, Inc. $GLPI

Bamco Inc. NY purchased a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, HoldingsChannel reports. The firm purchased 1,844,141 shares of the real estate investment trust’s stock, valued at approximately $82,120,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lasalle Investment Management Securities LLC lifted its stake in shares of Gaming and Leisure Properties by 17.0% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after purchasing an additional 334,933 shares during the period. Empowered Funds LLC acquired a new stake in shares of Gaming and Leisure Properties in the first quarter worth $1,219,000. GSA Capital Partners LLP grew its stake in shares of Gaming and Leisure Properties by 233.4% in the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after buying an additional 25,002 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in Gaming and Leisure Properties by 178.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after buying an additional 46,005 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gaming and Leisure Properties by 10.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,592 shares of the real estate investment trust’s stock worth $22,147,000 after purchasing an additional 46,497 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock opened at $42.57 on Thursday. The firm’s 50-day moving average price is $44.12 and its two-hundred day moving average price is $46.02. 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 stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.80 and a beta of 0.66. 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 released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (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 during the quarter, compared to analysts’ expectations of $428.51 million. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’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. On average, equities analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GLPI. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Barclays reduced their target price on 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. Scotiabank boosted 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Insiders Place Their Bets

In other news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired 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. The trade was a 10.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.11% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company 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.