State Street Corp Acquires 305,154 Shares of Gaming and Leisure Properties, Inc. $GLPI

Key Points

• State Street increased its GLPI stake by 2.3%, purchasing 305,154 additional shares and bringing its holdings to 13.48 million shares, or 4.63% of the REIT. Institutional investors collectively own 91.14% of the company.
• GLPI reported quarterly EPS of $0.80, matching analyst expectations, while revenue reached $430.52 million—up 9% year over year and slightly above estimates. The company issued fiscal 2026 EPS guidance of $4.10–$4.12.
• The REIT declared a quarterly dividend of $0.82 per share, equivalent to an annualized $3.28 payout and an 8.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $48.73 versus the reported share price of $39.25.

State Street Corp boosted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,477,304 shares of the real estate investment trust's stock after acquiring an additional 305,154 shares during the quarter. State Street Corp owned 4.63% of Gaming and Leisure Properties worth $600,144,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. SHP Wealth Management purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at $30,000. Markowski Investments purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth about $35,000. Parkside Financial Bank & Trust increased its stake in Gaming and Leisure Properties by 115.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust's stock worth $35,000 after buying an additional 425 shares during the period. Essential Partners LLC lifted its holdings in Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in Gaming and Leisure Properties in the 1st quarter valued at about $40,000. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $39.25 on Thursday. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.65. Gaming and Leisure Properties, Inc. has a 52 week low of $39.21 and a 52 week high of $49.95. 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 firm has a 50 day moving average of $42.86 and a 200 day moving average of $45.11.

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 analysts' expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, September 11th. Gaming and Leisure Properties's payout ratio is 96.19%.

Analysts Set New Price Targets

GLPI has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Stifel Nicolaus reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, July 31st. Wells Fargo & Company decreased their target price on Gaming and Leisure Properties from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. Scotiabank lowered their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a report on Thursday, September 17th. Finally, Cantor Fitzgerald lowered their target price 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. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.73.

Insider Transactions at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 18th. The stock was acquired at an average cost 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 of the company's stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.11% of the stock is owned by company insiders.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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