Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Free Report) 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 cost 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. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gaming and Leisure Properties Stock Up 1.9%
NASDAQ GLPI opened at $42.90 on Thursday. The business’s 50-day moving average is $44.47 and its 200 day moving average is $46.08. The stock has a market capitalization of $12.48 billion, a PE ratio of 12.58, a PEG ratio of 1.76 and a beta of 0.66. 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 1 year low of $41.17 and a 1 year high of $49.95.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. Gaming and Leisure Properties’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Gaming and Leisure Properties
Hedge Funds Weigh In On Gaming and Leisure Properties
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. Essential Partners LLC raised its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares during the period. Blue Trust Inc. acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $40,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $40,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
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.
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