Hsbc Holdings PLC Raises Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Hsbc Holdings PLC lifted its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 10.2% during the 2nd quarter, according to its most recent disclosure with the SEC. 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 owned about 0.26% of Gaming and Leisure Properties worth $34,230,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Lasalle Investment Management Securities LLC grew its stake in shares of Gaming and Leisure Properties by 17.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after acquiring an additional 334,933 shares in the last quarter. Empowered Funds LLC purchased a new position in Gaming and Leisure Properties in the first quarter valued at $1,219,000. GSA Capital Partners LLP grew its stake in Gaming and Leisure Properties by 233.4% during the 4th quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 25,002 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in Gaming and Leisure Properties by 178.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after purchasing an additional 46,005 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gaming and Leisure Properties by 10.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,592 shares of the real estate investment trust’s stock worth $22,147,000 after purchasing an additional 46,497 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $42.31 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties, Inc. has a 1-year low of $41.17 and a 1-year high of $49.95. The stock has a market cap of $12.31 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. The firm has a fifty day moving average price of $44.07 and a 200 day moving average price of $46.00.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on 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. Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Finally, Cantor Fitzgerald cut their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction 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 of the company’s stock, valued at $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Earl C. Shanks acquired 10,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 4.11% of the company’s stock.

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.