Gaming and Leisure Properties (NASDAQ:GLPI) Director Earl Shanks Acquires 10,000 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Earl Shanks acquired 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI traded up $0.82 during mid-day trading on Wednesday, hitting $42.90. The stock had a trading volume of 3,019,085 shares, compared to its average volume of 2,346,205. The company has a 50 day simple moving average of $44.58 and a 200-day simple moving average of $46.09. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.82 and a beta of 0.66. The company has a current ratio of 4.74, a quick 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same period last year, the company posted $0.96 earnings per share. 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. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLPI has been the subject of several recent research reports. Barclays reduced 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. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Morgan Stanley lifted their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Weiss Ratings downgraded 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, Royal Bank Of Canada reduced their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in shares of Gaming and Leisure Properties by 78.7% during 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 purchasing an additional 125,098 shares during the period. Cerity Partners LLC increased its stake in Gaming and Leisure Properties by 18.6% during the 2nd 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 in the last quarter. Bank of Nova Scotia lifted its position in Gaming and Leisure Properties by 16.6% in the 2nd 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 in the last quarter. AXA S.A. lifted its stake in Gaming and Leisure Properties by 478.5% during the 2nd 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 period. Finally, Squarepoint Ops LLC grew its holdings in shares of 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 worth $3,289,000 after acquiring an additional 51,731 shares during the period. Institutional investors own 91.14% of the company’s stock.

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.