BlackRock Inc. Acquires Shares of 35,859,219 Gaming and Leisure Properties, Inc. $GLPI

Key Points

• BlackRock acquired 35.9 million GLPI shares worth approximately $1.60 billion, giving it a 12.33% stake in Gaming and Leisure Properties.
• Analysts maintain a generally positive view, with six Buy and six Hold ratings; the consensus rating is “Moderate Buy” and the average price target is $49.91.
• GLPI reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. Shares opened at $43.71, near the lower end of their 52-week range.

BlackRock Inc. bought a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,859,219 shares of the real estate investment trust's stock, valued at approximately $1,596,811,000. BlackRock Inc. owned approximately 12.33% of Gaming and Leisure Properties as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SHP Wealth Management purchased a new position in Gaming and Leisure Properties in the fourth quarter worth $30,000. International Assets Investment Management LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth $31,000. Essential Partners LLC boosted its holdings 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 during the last quarter. Blue Trust Inc. purchased a new position in shares of Gaming and Leisure Properties in the 1st quarter worth about $40,000. Finally, Persistent Asset Partners Ltd bought a new position in Gaming and Leisure Properties during the second quarter valued at about $40,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties 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 completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Earl C. Shanks purchased 10,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 4.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GLPI. Cantor Fitzgerald dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Raymond James Financial reiterated an "outperform" rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Morgan Stanley raised 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. Barclays lowered their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $49.91.

Gaming and Leisure Properties Trading Up 1.9%

Shares of GLPI opened at $43.71 on Friday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95. The stock has a market cap of $12.72 billion, a PE ratio of 12.82, a P/E/G ratio of 1.79 and a beta of 0.66. 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 business's 50-day moving average price is $44.38 and its 200-day moving average price is $46.07.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million during 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%. Gaming and Leisure Properties's revenue was up 9.0% compared to the same quarter last year. During the same period 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. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

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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