Gaming and Leisure Properties, Inc. (GLPI) Stock Price & Analysis
Gaming and Leisure Properties, Inc. (GLPI) closed at USD 40.02 on Thursday, October 22, 2026, up 4.35% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 38.35; the Oct 22, 2026 session ranged USD 38.38–40.12 on volume of 2,352,096 shares. Market capitalization is $11.99B, with a 52-week range of USD 37.33–49.95 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GLPI.md
Key facts (GLPI)
- Last four reported quarters (through Jun 30, 2026): revenue $1.66B, net income $969M (58.5% margin) (SEC filings).
- Valuation: P/E 12.4x (avg 16.6x at the last 3 fiscal year-ends).
- Earnings quality: non-operating income -$366M vs operating income $1.37B over the last four quarters; P/E excluding non-operating income ≈9.0x (estimate: non-operating income taxed at the company's 0.2% effective rate).
- 1 of 80 tracked superinvestors hold GLPI (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $145K; 1 not under a Rule 10b5-1 plan ($145K); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $422K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y -4.5% vs S&P 500 +14.9%; 5Y +12.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.8, revenue estimate $438M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GLPI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.31B | $1.44B | $1.53B | $1.59B | $1.66B |
| Gross profit | $1.16B | $1.31B | $1.44B | — | — | — |
| Operating income | $842M | $1.03B | $1.07B | $1.13B | $1.20B | $1.37B |
| Net income | $534M | $685M | $734M | $785M | $825M | $969M |
| EPS (diluted) | $2.26 | $2.70 | $2.77 | $2.87 | $2.95 | — |
| Free cash flow | $790M | $920M | $1.01B | $1.07B | — | — |
| Gross margin | 95.6% | 100.0% | 100.0% | — | — | — |
| Operating margin | 69.2% | 78.5% | 74.2% | 73.8% | 75.3% | 82.5% |
| Net margin | 43.9% | 52.2% | 51.0% | 51.2% | 51.7% | 58.5% |
| Revenue growth | +5.5% | +7.8% | +9.8% | +6.3% | +4.1% | — |
| Cash + short-term investments | $725M | $239M | $684M | $1.02B | $224M | — |
| Total debt | $6.55B | $6.13B | $6.63B | $7.74B | $7.20B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GLPI)
P/E 12.4x · P/E ex non-operating (est.) ≈9.0x · P/S 7.2x · P/B 2.4x · Earnings yield 8.08% · Dividend yield (paid, TTM) 7.37%
P/E at fiscal year-ends: Dec 2025 15.2x, Dec 2024 16.8x, Dec 2023 17.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (GLPI)
1 of 80 tracked investors hold GLPI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.32% | $613M | Added +2.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (GLPI)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-10 | Urdang E Scott | Director | 3,000 | $145K | 2.3% | No | Routine (traded in Mar each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (GLPI)
1 purchase, $422K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-18 | Shanks Earl C | Director | 10,000 | $422K | 42.24 | Too little history (no open-market trades in 2023–2025) |
Analysts (GLPI)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Truist Securities | Target lowered | Buy | $60 → $55 |
| 2026-10-20 | Barclays | Target lowered | Overweight | $50 → $44 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $43 → $40 |
| 2026-10-07 | Macquarie | Target lowered | Outperform | $58 → $55 |
| 2026-10-02 | Citizens | Target lowered | Market Outperform | $55 → $49 |
| 2026-09-24 | JP Morgan | Downgrade | Overweight → Neutral | $46 |
| 2026-09-24 | Scotiabank | Target lowered | Sector Perform | $49 → $43 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Perform | $50 → $49 |
| 2026-09-17 | Morgan Stanley | Target lowered | Equal-Weight | $55 → $50 |
| 2026-09-02 | Mizuho | Target lowered | Outperform | $53 → $48 |
| 2026-09-01 | Wells Fargo | Target lowered | Equal-Weight | $45 → $43 |
| 2026-08-13 | Scotiabank | Target raised | Sector Perform | $49 → $50 |
Total return (dividends reinvested) (GLPI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -4.5% | +12.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.5% | +2.4% |
| Volatility (annualized) | 19.9% | 18.6% |
| Max drawdown | -20.4% (Mar 2026→Oct 2026) | -19.0% (Jun 2026→Sep 2026) |
GLPI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | GLP Capital | “On December 29, 2021, we completed a transaction with Cordish whereby they contributed certain real property assets into GLP Capital (our operating partnership, or the "OP") in exchange for newly issued partnership interests in the OP.” |
Quoted from the company's 10-K filed Feb 19, 2026.
GLPI company outlook (results filed Jul 31, 2026)
- “GLPI's prior guidance contemplated AFFO for the year ending December 31, 2026 of between $1.212 billion and $1.223 billion, or between $4.08 and $4.12 per diluted share and OP/LTIP units.”
Quoted word-for-word from the SEC 8-K results press release.
GLPI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.80 | $0.81 | -1.3% | $437.5M | 5 |
| Next quarter (ends Dec 2026) | $0.83 | $0.82 | +0.6% | $442.9M | 5 |
| Current fiscal year (ends Dec 2026) | $3.11 | $3.18 | -2.3% | $1.73B | 1 |
| Next fiscal year (ends Dec 2027) | $3.33 | $3.33 | +0.0% | $1.83B | 5 |
GLPI options: expected move
Options price a move of about ±7.0% (±$2.80) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±2.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 31.2% | ±7.0% |
| Dec 18, 2026 | 56 | 29.0% | ±9.7% |
| Jan 15, 2027 | 84 | 24.6% | ±9.7% |
| Apr 16, 2027 | 175 | 20.5% | ±11.7% |
30-day implied volatility 20.7% vs 21.7% realized over the last 30 trading days. Put/call ratio (volume) 0.18. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 40.02 |
|---|---|
| Change | ▲ 4.35% (up) |
| Previous Close | USD 38.35 |
| Open | USD 38.58 |
| Day Range | USD 38.38 – 40.12 |
| 52-Week Range | USD 37.33 – 49.95 |
| Volume | 2,352,096 shares |
| Market Cap | $11.99B |
| Exchange | NMS |
Technical Analysis (GLPI)
Nexqual's technical model rates GLPI "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 55.46 (neutral) |
| vs SMA50 | Below (USD 40.38) |
| MACD | -0.29 (negative) |
Earnings (GLPI)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.8 |
| Revenue Estimate | $437.51M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.8 vs est 0.8 ▲ beat |
| 2026-03-31 | USD 0.79 vs est 0.77 ▲ beat |
| 2025-12-31 | USD 0.94 vs est 0.76 ▲ beat |
| 2025-09-30 | USD 0.86 vs est 0.77 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (GLPI)
| Total Revenue | $1.66B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.00% |
| Gross Margin | +102.15% |
| Operating Margin | +77.48% |
| Profit Margin | +58.53% |
| ROE | +19.35% |
| Debt / Equity | 1.56 |
| Current Ratio | 24.29 |
| Total Cash | $319.00M |
| Total Debt | $8.38B |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (GLPI)
Nexqual rates Gaming and Leisure Properties, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Mixed — Revenue +4.1% YoY (annual), slow |
|---|---|
| Profitability | Strong — Operating margin 77% |
| Balance Sheet | Weak — $224M cash and investments vs $7.20B debt (Dec 2025, SEC) |
| Cash Flow | Solid — Operating cash flow $1.13B (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE 19%, ROA 6.4% |
Ownership (GLPI)
| Insider Ownership | +4.01% |
|---|---|
| Institutional Ownership | +96.81% |
| Shares Outstanding | 290.92M |
| Float | 278.54M |
| Short % of Float | +4.13% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (GLPI)
Gaming and Leisure Properties, Inc. is led by Peter M. Carlino, Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 09:49 UTC.
| Chairman of the Board & CEO | Peter M. Carlino |
|---|---|
| President, COO & Secretary | Brandon John Moore |
| CFO & Treasurer | Desiree A. Burke |
| Senior Vice President of Corporate Strategy & Investor Relations | Carlo Santarelli |
Major Backers & Investors (GLPI)
Notable institutional backers of Gaming and Leisure Properties, Inc. include Dodge & Cox Inc., Wellington Management, Principal Financial Group, Inc., according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 4.73% |
| Wellington Management | 4.29% |
| Principal Financial Group, Inc. | 2.3% |
| Citadel | 2.1% |
| Cohen & Steers Inc. | 1.93% |
| Charles Schwab | 0.69% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.37% |
| BlackRock | 12.33% |
| State Street | 4.63% |
| Geode Capital | 2.89% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
From Gaming and Leisure Properties, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- As a result, this structure may potentially facilitate our acquisition of assets in a more efficient manner and may allow us to acquire assets that the owner would otherwise be unwilling to sell because of tax considerations.
Partnerships
- The Company also entered into a mortgage loan agreement with Boyd in connection with Boyd's acquisition of Belterra Park Gaming & Entertainment Center ("Belterra Park"), whereby the Company loaned Boyd $57.7 million (the "Belterra Park Loan").
- Simultaneous with the acquisition, GLPI and American Racing entered into a triple-net lease agreement for an initial 30-year term, with no purchase option, followed by two renewal options of 10 years each and a third renewal option of approximately 12 years and ten months (the "Tioga Downs Lease").
Legal & Regulatory Risks (Item 1A, quoted)
- We might not be able to exercise customary enforcement rights as the lender under our tribal loans.
- Environmental compliance costs and liabilities associated with real estate properties owned by us may materially impair the value of those investments.
- Changes to U.S. federal income tax laws could materially and adversely affect us and our shareholders.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt