Insider Buying: Gaming and Leisure Properties (NASDAQ:GLPI) Director Acquires $422,400.00 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Earl Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI traded up $0.82 during midday trading on Wednesday, reaching $42.90. 3,019,085 shares of the stock traded hands, compared to its average volume of 2,346,205. The company’s 50 day moving average is $44.58 and its 200 day moving average is $46.09. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $49.95. 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 stock has a market capitalization of $12.48 billion, a PE ratio of 12.58, a P/E/G ratio of 1.82 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting 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 business had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the business earned $0.96 earnings per share. Gaming and Leisure Properties’s quarterly revenue 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 research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GLPI. 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 for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Barclays reduced their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley boosted 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. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional 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 during the 2nd quarter worth approximately $1,596,811,000. Cohen & Steers Inc. acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $313,242,000. Norges Bank purchased a new position in Gaming and Leisure Properties during the fourth quarter worth approximately $167,743,000. Deutsche Bank AG acquired a new position in Gaming and Leisure Properties during the second quarter worth $151,300,000. Finally, Bank of New York Mellon Corp acquired a new position in Gaming and Leisure Properties during the second quarter worth $111,960,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

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.