Gaming and Leisure Properties, Inc. $GLPI Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.2% during the second quarter, Holdings Channel reports. The institutional investor owned 768,161 shares of the real estate investment trust’s stock after purchasing an additional 71,331 shares during the quarter. Hsbc Holdings PLC’s holdings in Gaming and Leisure Properties were worth $34,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLPI. First Trust Advisors LP boosted its position in shares of Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after purchasing an additional 125,098 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Gaming and Leisure Properties by 18.6% in the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 1,608 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Gaming and Leisure Properties by 16.6% in the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock valued at $868,000 after purchasing an additional 2,646 shares during the period. AXA S.A. lifted its stake in shares of Gaming and Leisure Properties by 478.5% in the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock valued at $1,846,000 after purchasing an additional 32,708 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Gaming and Leisure Properties by 276.2% during the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 51,731 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $42.31 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a fifty day moving average of $44.07 and a two-hundred day moving average of $46.00. The company has a market capitalization 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 fifty-two week low of $41.17 and a fifty-two week high of $49.95.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GLPI. Barclays dropped 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 report on Wednesday, July 22nd. Scotiabank lifted their price objective on Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Wells Fargo & Company lowered their target price on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald reduced their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.91.

Insider Transactions at Gaming and Leisure Properties

In other news, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Scott Urdang sold 3,000 shares of the business’s 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 transaction, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This 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 corporate insiders.

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.