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

Rakuten Investment Management Inc. acquired a new stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,481 shares of the real estate investment trust’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SHP Wealth Management purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth $31,000. Essential Partners LLC raised its position in Gaming and Leisure Properties by 38.2% during the first 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 period. Blue Trust Inc. acquired a new position in Gaming and Leisure Properties during the first quarter worth $40,000. Finally, Persistent Asset Partners Ltd purchased a new position in Gaming and Leisure Properties during the second quarter valued at $40,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLPI. 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 note on Wednesday, July 22nd. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Royal Bank Of Canada lowered their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Stifel Nicolaus reduced their target price 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. Finally, Scotiabank increased their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.91.

Insider Activity at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E Scott Urdang sold 3,000 shares of the business’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 transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.11% of the stock is currently owned by company insiders.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $42.07 on Tuesday. The company’s 50-day moving average price is $43.99 and its 200-day moving average price is $45.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market cap of $12.24 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.78 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a twelve month low of $41.17 and a twelve month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) 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 company had revenue of $430.52 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company 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 forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Company 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.