Bank of New York Mellon Corp Buys Shares of 2,514,269 Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Bank of New York Mellon acquired 2.51 million shares of Gaming and Leisure Properties during the second quarter, worth approximately $112 million and representing about 0.86% of the REIT. Institutional investors and hedge funds collectively own 91.14% of GLPI.
• GLPI reported quarterly EPS of $0.80, in line with estimates, while revenue of $430.52 million exceeded forecasts and rose 9% year over year. The company provided fiscal 2026 EPS guidance of $4.10–$4.12.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $49.91 versus the stock’s recent price of $43.93. Insider activity was mixed: one director bought 10,000 shares, while another sold 3,000 shares.

Bank of New York Mellon Corp bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,514,269 shares of the real estate investment trust's stock, valued at approximately $111,960,000. Bank of New York Mellon Corp owned approximately 0.86% of Gaming and Leisure Properties as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLPI. First Trust Advisors LP lifted its position in shares of Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust's stock valued at $13,255,000 after acquiring an additional 125,098 shares during the period. Cerity Partners LLC increased its stake in Gaming and Leisure Properties by 18.6% in the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust's stock valued at $478,000 after purchasing an additional 1,608 shares in the last quarter. Bank of Nova Scotia increased its stake in Gaming and Leisure Properties by 16.6% in the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust's stock valued at $868,000 after purchasing an additional 2,646 shares in the last quarter. AXA S.A. raised its holdings in Gaming and Leisure Properties by 478.5% during the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust's stock worth $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Gaming and Leisure Properties by 276.2% during the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust's stock worth $3,289,000 after purchasing an additional 51,731 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $43.93 on Tuesday. The stock has a market capitalization of $12.78 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.82 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The firm's 50-day moving average is $44.25 and its two-hundred day moving average is $46.06.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank raised their price target on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a "sector perform" rating in a research report on Thursday, August 13th. Raymond James Financial restated an "outperform" rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Barclays cut their target price on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, June 30th. Finally, Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.91.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl C. Shanks bought 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director directly 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. The SEC filing for this purchase provides additional information. 4.11% of the stock is owned by insiders.

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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