Lasalle Investment Management Securities LLC Acquires 334,933 Shares of Gaming and Leisure Properties, Inc. $GLPI

Lasalle Investment Management Securities LLC grew its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 17.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,309,247 shares of the real estate investment trust’s stock after purchasing an additional 334,933 shares during the period. Gaming and Leisure Properties comprises 3.7% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 8th largest holding. Lasalle Investment Management Securities LLC’s holdings in Gaming and Leisure Properties were worth $102,831,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $1,596,811,000. Cohen & Steers Inc. acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at $313,242,000. Norges Bank purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth $167,743,000. Deutsche Bank AG purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth $151,300,000. Finally, Bank of New York Mellon Corp purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth $111,960,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. 4.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several research reports. Wells Fargo & Company cut their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Scotiabank upped their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Cantor Fitzgerald decreased their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Morgan Stanley increased their target price on 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. Finally, Royal Bank Of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a report 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.91.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $43.55 on Friday. The firm has a fifty day simple moving average of $44.30 and a 200-day simple moving average of $46.05. The company has a market capitalization of $12.67 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.82 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. 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 (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, 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 firm had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

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.