Rakuten Investment Management Inc. Invests $711,000 in Gaming and Leisure Properties, Inc. $GLPI

Rakuten Investment Management Inc. acquired a new position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,481 shares of the real estate investment trust’s stock, valued at approximately $711,000.

A number of other large investors also recently bought and sold shares of GLPI. SHP Wealth Management purchased a new position in Gaming and Leisure Properties during the fourth quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. Essential Partners LLC raised its stake 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 valued at $39,000 after acquiring an additional 240 shares during the period. Blue Trust Inc. acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $40,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Down 1.2%

Shares of GLPI stock opened at $42.07 on Tuesday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company has a 50 day moving average price of $43.99 and a 200 day moving average price of $45.95. The stock has a market capitalization of $12.24 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. During the same period in the prior year, the business earned $0.96 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings lowered Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Stifel Nicolaus lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 31st. Barclays dropped their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Scotiabank increased their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley increased 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 note on Monday, July 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company 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 Gaming and Leisure Properties 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 trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.11% of the stock is currently owned by corporate insiders.

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.