Deutsche Bank AG bought a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,397,706 shares of the real estate investment trust’s stock, valued at approximately $151,300,000.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Gaming and Leisure Properties by 1.2% during the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock worth $576,193,000 after acquiring an additional 147,683 shares in the last quarter. Wellington Management Group LLP lifted its stake in Gaming and Leisure Properties by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock valued at $518,048,000 after acquiring an additional 198,582 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Gaming and Leisure Properties by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock valued at $347,012,000 after acquiring an additional 525,317 shares during the period. Geode Capital Management LLC grew its position in shares of Gaming and Leisure Properties by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after acquiring an additional 258,596 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $313,242,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, 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. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.11% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Gaming and Leisure Properties
Gaming and Leisure Properties Stock Performance
NASDAQ:GLPI opened at $42.90 on Thursday. The stock has a 50 day simple moving average of $44.47 and a 200 day simple moving average of $46.08. The stock has a market cap of $12.48 billion, a P/E ratio of 12.58, a PEG ratio of 1.76 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year 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 – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current 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.
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