Bamco Inc. NY Buys New Position in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Bamco Inc. NY purchased 1.84 million shares of Gaming and Leisure Properties, valued at approximately $82.1 million, giving it a 0.63% stake. Institutional investors collectively own 91.14% of the REIT.
• GLPI reported quarterly EPS of $0.80, in line with estimates, while revenue of $430.5 million exceeded expectations and increased 9% year over year. The company provided fiscal 2026 EPS guidance of $4.10–$4.12.
• Analysts maintain a “Moderate Buy” consensus, with six Buy and six Hold ratings and an average price target of $49.91, compared with a recent share price of $42.57.

Bamco Inc. NY purchased a new stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,844,141 shares of the real estate investment trust's stock, valued at approximately $82,120,000. Bamco Inc. NY owned 0.63% of Gaming and Leisure Properties as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lasalle Investment Management Securities LLC lifted its position in Gaming and Leisure Properties by 17.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust's stock worth $102,831,000 after buying an additional 334,933 shares during the last quarter. Empowered Funds LLC bought a new position in Gaming and Leisure Properties in the 1st quarter worth about $1,219,000. GSA Capital Partners LLP grew its stake in Gaming and Leisure Properties by 233.4% in the fourth quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust's stock worth $1,596,000 after purchasing an additional 25,002 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 178.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust's stock valued at $3,211,000 after buying an additional 46,005 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Gaming and Leisure Properties by 10.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,592 shares of the real estate investment trust's stock valued at $22,147,000 after purchasing an additional 46,497 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $42.57 on Thursday. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The stock's 50-day moving average price is $44.12 and its 200-day moving average price is $46.02. The stock has a market capitalization of $12.38 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 52 week low of $41.17 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its 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 business 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 company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada cut their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Stifel Nicolaus dropped their price objective on 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. Raymond James Financial reiterated an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. JPMorgan Chase & Co. reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, June 30th. Finally, Wells Fargo & Company decreased their price target on 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. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.91.

Insider Buying and Selling

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 sale, the director directly owned 127,429 shares of the company's stock, valued at $6,157,369.28. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Earl C. Shanks bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares of the company's stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 4.11% of the company's stock.

Gaming and Leisure Properties 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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