Jupiter Topco LLC bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 918,191 shares of the real estate investment trust’s stock, valued at approximately $40,896,000. Jupiter Topco LLC owned approximately 0.32% of Gaming and Leisure Properties as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. SHP Wealth Management purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $31,000. Essential Partners LLC boosted its position in shares of Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Blue Trust Inc. acquired a new stake in Gaming and Leisure Properties in the 1st quarter valued at about $40,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
Insider Activity at Gaming and Leisure Properties
In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the transaction, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Earl C. Shanks bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the transaction, the director owned 107,259 shares of the company’s stock, valued at $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. Corporate insiders own 4.11% of the company’s stock.
Gaming and Leisure Properties Trading Down 0.6%
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) 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. 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%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
GLPI has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. reduced their target price on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. Six equities research analysts have rated the stock with a Buy rating and six have given 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.
Get Our Latest Stock Report on Gaming and Leisure Properties
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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