The Manufacturers Life Insurance Company Has $21.04 Million Position in Gaming and Leisure Properties, Inc. $GLPI

The Manufacturers Life Insurance Company lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 29.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 472,446 shares of the real estate investment trust's stock after purchasing an additional 108,741 shares during the period. The Manufacturers Life Insurance Company owned 0.16% of Gaming and Leisure Properties worth $21,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLPI. Colonial River Investments LLC raised its holdings in shares of Gaming and Leisure Properties by 2.1% in the fourth quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust's stock valued at $487,000 after buying an additional 227 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust's stock worth $2,830,000 after buying an additional 237 shares in the last quarter. Essential Partners LLC grew 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 worth $39,000 after acquiring an additional 240 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock worth $1,273,000 after acquiring an additional 245 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Gaming and Leisure Properties by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust's stock valued at $2,895,000 after acquiring an additional 250 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of 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. Weiss Ratings cut shares of Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Morgan Stanley raised 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 report on Monday, July 6th. JPMorgan Chase & Co. dropped 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 report on Tuesday, June 30th. Finally, Cantor Fitzgerald reduced their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.91.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Earl C. Shanks acquired 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 purchase, the director owned 107,259 shares of the company's stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.11% of the stock is owned by insiders.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $42.31 on Friday. The stock has a 50-day moving average price of $44.07 and a 200 day moving average price of $46.00. 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 market cap of $12.31 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.78 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.

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, meeting analysts' consensus estimates of $0.80. The company 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 revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts expect that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current 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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