Danske Bank A S Buys 203,465 Shares of Gaming and Leisure Properties, Inc. $GLPI

Danske Bank A S boosted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 25.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,013,218 shares of the real estate investment trust’s stock after acquiring an additional 203,465 shares during the period. Danske Bank A S owned 0.35% of Gaming and Leisure Properties worth $45,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLPI. First Trust Advisors LP increased its position in shares of Gaming and Leisure Properties by 78.7% in the second 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 during the period. Cerity Partners LLC lifted its position in Gaming and Leisure Properties by 18.6% during the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,608 shares during the period. Bank of Nova Scotia grew its stake in Gaming and Leisure Properties by 16.6% during the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 2,646 shares in the last quarter. AXA S.A. grew its stake in Gaming and Leisure Properties by 478.5% during the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after buying an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake 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. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented 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 research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Scotiabank lifted their price objective on shares of Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Cantor Fitzgerald lowered their price objective on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. cut their target price 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.91.

Insider Activity at Gaming and Leisure Properties

In related news, Director Earl C. Shanks bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director owned 107,259 shares in the company, valued at $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 through this link. Also, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the transaction, the director owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.11% of the stock is owned by corporate insiders.

Gaming and Leisure Properties Stock Up 1.9%

Shares of NASDAQ GLPI opened at $42.90 on Thursday. 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 $12.48 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.76 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. The stock has a 50-day moving average price of $44.47 and a two-hundred day moving average price of $46.08.

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

About Gaming and Leisure Properties

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.