The Manufacturers Life Insurance Company Has $21.04 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

The Manufacturers Life Insurance Company boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 29.9% in the second quarter, HoldingsChannel reports. The firm owned 472,446 shares of the real estate investment trust’s stock after acquiring an additional 108,741 shares during the period. The Manufacturers Life Insurance Company’s holdings in Gaming and Leisure Properties were worth $21,038,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Colonial River Investments LLC boosted its holdings in Gaming and Leisure Properties by 2.1% during the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 227 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of 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 worth $2,830,000 after buying an additional 237 shares during the period. Essential Partners LLC increased its stake in shares of Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 240 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Gaming and Leisure Properties by 0.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after acquiring an additional 245 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Gaming and Leisure Properties by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock valued at $2,895,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following 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 disclosure for this purchase is available in the SEC filing. Company insiders own 4.11% of the company’s stock.

Gaming and Leisure Properties Stock Down 0.6%

Shares of Gaming and Leisure Properties stock opened at $42.31 on Friday. The company has a market capitalization of $12.31 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. 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 business has a 50-day moving average of $44.07 and a two-hundred day moving average of $46.00. 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 data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate 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 analysts’ expectations of $428.51 million. During the same quarter in the previous year, the business posted $0.96 EPS. Gaming and Leisure Properties’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, equities analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GLPI. Raymond James Financial reissued an “outperform” rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Stifel Nicolaus lowered their target price on shares of 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. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley lifted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average 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.