Key Points
- Director Earl Shanks purchased 10,000 GLPI shares at an average price of $42.24, investing $422,400 and increasing his position by 10.28% to 107,259 shares.
- Gaming and Leisure Properties reported quarterly revenue of $430.52 million, up 9% year over year, while adjusted EPS of $0.80 matched analyst estimates. The REIT issued fiscal 2026 EPS guidance of $4.10–$4.12.
- GLPI shares opened at $42.90, and analysts maintain a “Moderate Buy” consensus with an average price target of $49.91; institutional investors own 91.14% of the stock.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) Director Earl Shanks acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 completion of the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Gaming and Leisure Properties Trading Up 1.9%
Shares of NASDAQ GLPI opened at $42.90 on Thursday. The stock has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $46.08. 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. 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.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on GLPI. Scotiabank raised their target price on shares of 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 reduced their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Barclays reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Finally, Stifel Nicolaus lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a research report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $49.91.
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 made changes to their positions in GLPI. Two Sigma Securities LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter worth approximately $2,062,000. Benjamin Edwards Inc. grew its holdings in Gaming and Leisure Properties by 4.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 15,807 shares of the real estate investment trust's stock worth $704,000 after acquiring an additional 613 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Gaming and Leisure Properties by 146,315.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,443,672 shares of the real estate investment trust's stock valued at $108,817,000 after buying an additional 2,442,003 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Gaming and Leisure Properties by 10.2% in the 2nd quarter. Hsbc Holdings PLC now owns 768,161 shares of the real estate investment trust's stock valued at $34,230,000 after acquiring an additional 71,331 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Gaming and Leisure Properties during the second quarter valued at $711,000. Institutional investors and hedge funds own 91.14% of the company's stock.
Gaming and Leisure Properties Company Profile
(
Get Free Report)
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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