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Public |
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| Traded as | NASDAQ: GLPI |
| Founded | November 1, 2013 (2013-11-01) |
| Headquarters | Wyomissing, Pennsylvania, U.S. |
| Website | glpropinc |
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 38 casino properties, and operates two of them.
The company was created as a corporate spin-off from Penn National Gaming, effective November 1, 2013. The corporate breakup was designed to increase investor returns by taking advantage of the lack of federal income taxes on REITs.
In November 2013, GLPI agreed to finance a proposed billion-dollar casino in Milford, Massachusetts, but the project was killed days later when town voters rejected the casino.
In January 2014, the company acquired the real estate assets of the Casino Queen in East St. Louis, Illinois for $140 million, and leased them back to the casino's operating company for $14 million a year. GLPI also loaned $43 million to the casino.
The company's Argosy Casino in Sioux City, Iowa was forced to close in July 2014, and GLPI then sold the casino's real estate.
In May 2014, GLPI agreed to buy The Meadows Racetrack and Casino in western Pennsylvania from Cannery Casino Resorts for $465 million. The company said it would sell the facility's license to a third-party operator, while retaining ownership of the land and buildings. The deal ran into trouble, with GLPI filing a lawsuit accusing Cannery of fraud in October 2014; the lawsuit was eventually settled with an agreement on a reduced purchase price of $440 million.
After casino operator Pinnacle Entertainment announced its own plan in November 2014 to spin-off a REIT with the real estate assets of its 15 casinos, GLPI approached Pinnacle with an offer to buy those assets, which it said would be simpler and faster than Pinnacle's plan. Pinnacle did not respond to the offer, so GLPI went public with its offer in March 2015. In July, the companies reached a deal for GLPI to buy 14 of Pinnacle's 15 properties for $4.75 billion in stock, and lease them back to Pinnacle, with rent starting at $377 million per year. The acquisition was completed in April 2016. GLPI also completed its purchase of The Meadows in September 2016 and sold the racetrack operation to Pinnacle for $138 million.
In May 2015, GLPI agreed to finance the real estate portion of a proposed $650-million casino in New Bedford, Massachusetts, but the plan was canceled months later after developers failed to secure the rest of the needed funding.
In May 2017, GLPI purchased the real estate assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $83 million, while Penn National simultaneously acquired their operating assets.
Gaming and Leisure Properties owns the following properties:
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-26 | Future report Set alerts | |
| Q2 2022 | 2022-07-28 | 0.62 | 0.62 |
| Q1 2022 | 2022-04-28 | 0.48 | 0.48 |
| Q4 2021 | 2022-02-24 | 0.50 | 0.50 |
| Q3 2021 | 2021-10-28 | 0.63 | 0.63 |
| Q2 2021 | 2021-07-29 | 0.59 | 0.59 |
| Q1 2021 | 2021-04-29 | 0.54 | 0.54 |
| Q4 2020 | 2021-02-18 | 0.74 | 0.74 |
| Q3 2020 | 2020-10-27 | 0.58 | 0.58 |
| Q2 2020 | 2020-07-30 | 0.52 | 0.52 |
| 2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
| 2016-06-10 | Reiterated Rating | Wells Fargo | Buy | |
| 2016-06-10 | Reiterated Rating | Wells Fargo & Co. | Buy | |
| 2016-04-27 | Reiterated Rating | Morgan Stanley | Hold | |
| 2016-04-15 | Boost Price Target | Telsey Advisory Group | Market Perform | $31.00 to $33.00 |
| 2016-04-13 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $39.00 |
| 2016-04-08 | Initiated Coverage | SunTrust | Neutral | $32.00 |
| 2016-04-08 | Initiated Coverage | SunTrust Banks Inc. | Neutral | $32.00 |
| 2016-04-01 | Reiterated Rating | Morgan Stanley | Equal to Equal Weight | $34.00 |
| 2016-02-04 | Reiterated Rating | Deutsche Bank | Buy | $33.00 |
| 2015-12-16 | Lower Price Target | Credit Suisse | Buy | $38.00 to $33.00 |
| 2015-12-16 | Reiterated Rating | Deutsche Bank | Buy | $38.00 to $33.00 |
| 2015-12-16 | Lower Price Target | Credit Suisse Group AG | Buy | $38.00 to $33.00 |
| 2015-12-15 | Initiated Coverage | JMP Securities | Outperform | $32.00 |
| 2015-12-04 | Lower Price Target | Susquehanna | $33.00 to $30.00 | |
| 2015-11-01 | Reiterated Rating | Deutsche Bank | Buy | $38.00 |
| 2015-07-09 | Reiterated Rating | Susquehanna | Hold | $42.00 to $35.00 |
| 2015-06-25 | Reiterated Rating | Deutsche Bank | Buy | $41.00 |
| 2015-06-11 | Reiterated Rating | Deutsche Bank | Buy | $41.00 |
| 2015-05-12 | Reiterated Rating | Susquehanna | Neutral | $43.00 |
| 2015-03-16 | Reiterated Rating | Deutsche Bank | Buy | $41.00 |
| 2015-03-13 | Downgrade | Susquehanna | Positive to Neutral | |
| 2015-03-12 | Initiated Coverage | Union Gaming Research | Buy | |
| 2015-01-09 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | $31.00 to $34.00 |
| 2014-10-30 | Reiterated Rating | Barclays | Equal Weight | $40.00 to $36.00 |
| 2014-10-30 | Reiterated Rating | Barclays PLC | Equal Weight | $40.00 to $36.00 |
| 2014-10-29 | Reiterated Rating | Credit Suisse | Outperform | $43.00 to $40.00 |
| 2014-07-29 | Lower Price Target | Telsey Advisory Group | Not Rated | $41.00 to $38.00 |
| 2014-07-01 | Reiterated Rating | Deutsche Bank | Positive | |
| 2014-06-18 | Lower Price Target | Imperial Capital | In-Line | $40.00 to $34.00 |
| 2014-05-14 | Boost Price Target | Citigroup Inc. | Neutral to Outperform | $40.00 to $43.00 |
| 2014-05-14 | Upgrade | Credit Suisse | Neutral to Outperform | |
| 2014-05-02 | Lower Price Target | Morgan Stanley | Equal Weight | $37.00 to $36.00 |
| 2014-03-08 | Reiterated Rating | Deutsche Bank | Buy | $43.00 |
| 2014-02-27 | Lower Price Target | Barclays | Equal Weight | $46.00 to $40.00 |
| 2014-02-04 | Lower Price Target | Telsey Advisory Group | Not Rated | $55.00 to $41.00 |
| 2014-01-16 | Lower Price Target | Deutsche Bank | Buy | $57.00 to $43.00 |
| 2013-12-16 | Initiated Coverage | Evercore ISI | Sell | |
| 2013-12-10 | Boost Price Target | Telsey Advisory Group | Not Rated | $45.00 to $55.00 |
| 2013-12-02 | Initiated Coverage | Wells Fargo & Co. | Outperform | |
| 2013-12-02 | Initiated Coverage | Wells Fargo | Outperform | |
| 2013-11-25 | Initiated Coverage | Bank of America | Neutral | $50.00 |
| 2013-11-22 | Initiated Coverage | RBC Capital | Outperform | $51.00 |
| 2013-11-18 | Initiated Coverage | Credit Suisse | Neutral | |
| 2013-11-15 | Initiated | Stifel | Hold | |
| 2013-11-15 | Initiated Coverage | Stifel Nicolaus | Hold | |
| 2013-11-14 | Initiated Coverage | JPMorgan Chase & Co. | Neutral | $47.00 to $44.90 |
| 2013-11-11 | Initiated Coverage | Barclays | Equal Weight | $46.00 |
| 2013-11-08 | Initiated Coverage | Morgan Stanley | Equal Weight | $46.00 |
| 2013-11-04 | Initiated Coverage | Telsey Advisory Group | Not Rated | $45.00 |
| 2013-11-04 | Initiated Coverage | Susquehanna | Positive | $55.00 |
| 2013-11-04 | Initiated Coverage | Deutsche Bank | Buy | $57.00 |
| 2013-10-18 | Initiated Coverage | Imperial Capital | In-Line | $40.00 |
| 2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
| 2016-06-10 | Reiterated Rating | Wells Fargo | Buy | |
| 2016-06-10 | Reiterated Rating | Wells Fargo & Co. | Buy | |
| 2016-04-27 | Reiterated Rating | Morgan Stanley | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In GLPI 331 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 36.13M |
| Capital International Investors | 17.86M |
| BlackRock Inc. | 17.42M |
| Capital World Investors | 13.76M |
| WELLINGTON MANAGEMENT CO LLP | 10.24M |
| FMR LLC | 9.87M |
| BAMCO INC /NY/ | 8.92M |
| STATE STREET CORP | 8.60M |
| PUTNAM INVESTMENTS LLC | 8.30M |
| BlackRock Institutional Trust Company, N.A. | 7.17M |
| DODGE & COX | 6.30M |
| GEODE CAPITAL MANAGEMENT, LLC | 4.41M |
| MORGAN STANLEY | 3.85M |
| DIMENSIONAL FUND ADVISORS LP | 3.36M |
| BlackRock Fund Advisors | 2.93M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| PENN NATIONAL GAMING INC | 79.24% (89020704) | GLPI / PENN / |
| CARLINO PETER M CEO & President | 3.91% (4388089) | GLPI / PENN / |
| Snyder Steven T. Sr VP-Corp Development | 0.34% (378409) | GLPI / PENN / |
| CLIFFORD WILLIAM J Sr VP-Chief Financial Officer | 0.31% (351068) | GLPI / PENN / SNOW / |
| HANDLER DAVID A | 0.28% (312461) | GLPI / PENN / |
| Burke Desiree A. Chief Accounting Officer | 0.07% (76587) | GLPI / PENN / |
| Moore Brandon John SVP & General Counsel | 0.06% (70487) | GLPI / |
| Urdang E Scott | 0.05% (59971) | GLPI / |
| SHANKS EARL C | 0.03% (38377) | GLPI / USTR / VRNT / |
| Marshall Joseph W III | 0.02% (26081) | GLPI / SIGA / |
| SCHWARTZ BARRY F | 0.02% (19534) | GLPI / REV / SGMS / |
| PERRY JAMES | 0.01% (9931) | GLPI / ISLE / |
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