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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Earl Shanks purchased 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was acquired 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 directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Gaming and Leisure Properties Trading Up 1.9%

Gaming and Leisure Properties stock opened at $43.71 on Friday. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.79 and a beta of 0.66. The firm has a 50-day moving average of $44.38 and a 200-day moving average of $46.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Gaming and Leisure Properties in the second quarter valued at $1,596,811,000. State Street Corp raised its position in shares of Gaming and Leisure Properties by 1.2% in the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after purchasing an additional 147,683 shares during the period. Wellington Management Group LLP lifted its stake in shares of Gaming and Leisure Properties by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock worth $518,048,000 after buying an additional 198,582 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after buying an additional 525,317 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Gaming and Leisure Properties by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after buying an additional 258,596 shares during the period. Institutional investors own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Scotiabank increased their price target on shares of 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. 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 report on Monday, July 6th. Cantor Fitzgerald lowered their price objective on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. 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, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price 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.