GLPI Gaming and Leisure Properties, Inc. - Common Stock
$42.66
Price · Aug 18, 2026
Fundamentals as of Jul 30, 2026
52W Range
$41–$50
17% of range
Analyst Rating
BUY
30 analysts
Price Target
$54
+25% upside
P/E (TTM)
14.5
ROE
18.6%
Net Profit Margin
51.7%
GLPI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$42.66
Market Cap
$12.07B
P/E (TTM)
14.5
EPS (TTM)
$2.95
Revenue (TTM)
$1.59B
Div Yield
7.2%
ROE
18.6%
Debt/Equity
—
52W Range
$41 – $50
GLPI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.59B
2016-12-31
→
2025-12-31
EPS
$2.95
2016-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2021-12-31
Margins
51.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
GLPI
Peer Median
P/E (TTM)
14.5
20.8
P/S (TTM)
7.6
6.8
P/B
2.6
1.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
GLPI
Peer Median
Operating Margin
75.3%
—
Net Profit Margin
51.7%
33.0%
ROA
6.3%
4.1%
ROE
18.6%
11.4%
ROIC
25.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
GLPI
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
GLPI
Peer Median
Revenue YoY
4.1%
—
Revenue CAGR 3Y
6.7%
—
Revenue CAGR 5Y
6.7%
—
EPS YoY
2.8%
—
Net Income YoY
5.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
GLPI
Peer Median
Payout Ratio
105.7%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
7.2%
Payout Ratio
105.7%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $0.8200 |
| March 13, 2026 | $0.7800 |
| Dec. 5, 2025 | $0.7800 |
| Sept. 12, 2025 | $0.7800 |
| June 13, 2025 | $0.7800 |
| March 14, 2025 | $0.7600 |
| Dec. 6, 2024 | $0.7600 |
| Sept. 13, 2024 | $0.7600 |
| June 7, 2024 | $0.7600 |
| March 14, 2024 | $0.7600 |
| Dec. 7, 2023 | $0.7300 |
| Sept. 14, 2023 | $0.7300 |
| June 15, 2023 | $0.7200 |
| March 9, 2023 | $0.9700 |
| Dec. 8, 2022 | $0.7050 |
| Sept. 15, 2022 | $0.7050 |
| June 9, 2022 | $0.7050 |
| March 10, 2022 | $0.6900 |
| Dec. 23, 2021 | $0.2400 |
| Dec. 8, 2021 | $0.6700 |
GLPI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
30 analysts
- Strong Buy 5 16.7%
- Buy 16 53.3%
- Hold 8 26.7%
- Sell 1 3.3%
- Strong Sell 0 0.0%
12-Month Price Target
23 analysts · 2026-08-16
Median
$53.00
← Below all targets
$42.66
Low
$45.00
High
$63.00
Median target
$53.00
+24.2%
Mean target
$53.52
+25.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.80 | $0.82 | -0.02% |
| March 31, 2026 | $0.82 | $0.84 | -0.02% |
| Dec. 31, 2025 | $0.94 | $0.79 | 0.15% |
| Sept. 30, 2025 | $0.86 | $0.73 | 0.13% |
| June 30, 2025 | $0.54 | $0.77 | -0.23% |
| March 31, 2025 | $0.60 | $0.75 | -0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GLPI | $12.65B | 15.1 | 4.1% | 51.7% | 18.6% | — |
| IRM | $24.54B | 169.3 | 12.2% | 2.2% | -20.5% | — |
| VICI | $30.05B | 10.8 | 4.1% | 69.3% | 10.2% | — |
| LAMR | — | 21.9 | 2.7% | 25.9% | 60.8% | — |
| OUT | $4.22B | 29.4 | 0.04% | 8.0% | 23.5% | — |
| MRP | — | 12.2 | — | 63.3% | 6.5% | — |
| EPR | — | 15.2 | 2.9% | 38.3% | 11.8% | — |
| FCPT | $2.49B | 21.2 | 9.7% | 38.2% | 7.2% | — |
| SAFE | $982M | 8.6 | 5.4% | 29.7% | 4.8% | — |
| FPI | $418M | 15.9 | -10.4% | 60.5% | 6.7% | — |
| LAND | $348M | -31.6 | 3.7% | 15.3% | 2.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.59B | $1.53B | $1.44B | $1.31B | $1.22B | $1.15B | $1.15B | $1.06B | $971M | $828M | $575M | $591M | |
| Cost of Revenue | · | · | $0 | $0 | $53M | $57M | $75M | · | · | · | · | · | |
| SG&A Expense | $63M | $60M | $56M | $51M | $61M | $69M | $65M | $71M | $63M | $71M | $83M | $81M | |
| Operating Expenses | $393M | $401M | $372M | $282M | $375M | $344M | $436M | $462M | $366M | $348M | $318M | $333M | |
| Operating Income | $1.20B | $1.13B | $1.07B | $1.03B | $842M | $809M | $717M | $594M | $606M | $481M | $257M | $259M | |
| Interest Expense | · | $367M | $323M | $309M | $283M | $282M | $302M | $248M | $217M | $186M | $124M | $117M | |
| Interest Income | · | $11M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Other Non-op | $-349M | $-321M | $-311M | $-310M | $-279M | $-300M | $-322M | $-249M | $-215M | $-184M | $-122M | $-115M | |
| Pretax Income | $853M | $810M | $757M | $720M | $562M | $510M | $396M | $344M | $390M | $297M | $136M | $144M | |
| Income Tax | $2M | $2M | $2M | $17M | $28M | $4M | $5M | $5M | $10M | $8M | $7M | $5M | |
| Net Income | $825M | $785M | $734M | $685M | $534M | $506M | $391M | $340M | $381M | $289M | $128M | $139M | |
| EPS (Basic) | $2.95 | $2.87 | $2.78 | $2.71 | $2.27 | $2.31 | $1.82 | $1.59 | $1.80 | $1.62 | $1.12 | $1.23 | |
| EPS (Diluted) | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 | $2.30 | $1.81 | $1.58 | $1.79 | $1.60 | $1.08 | $1.18 | |
| Shares (Basic) | 279,605,000 | 272,802,000 | 264,053,000 | 252,716,000 | 235,472,000 | 218,817,000 | 214,667,000 | 213,720,000 | 210,705,000 | 178,594,000 | 114,432,000 | 112,037,000 | |
| Shares (Diluted) | 280,043,000 | 273,534,000 | 264,993,000 | 253,846,000 | 236,231,000 | 219,773,000 | 215,786,000 | 214,779,000 | 212,752,000 | 180,622,000 | 118,439,000 | 117,586,000 | |
| EBITDA | $1.48B | $1.40B | $1.35B | $1.28B | $1.09B | $1.05B | $976M | $742M | · | $596M | $257M | $259M |
Balance Sheet 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | $27M | $26M | $29M | $37M | $42M | $36M | |
| Short-term Investments | $0 | $561M | $0 | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | · | · | · | · | · | · | · | · | · | · | $8M | $8M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | $58M | $45M | |
| PP&E (Net) | · | · | · | · | $13M | $81M | $94M | $101M | $108M | $119M | $130M | $134M | |
| PP&E (Gross) | · | · | · | · | $29M | $177M | $266M | $265M | $262M | $264M | $261M | $253M | |
| Accum. Depreciation | · | · | · | · | $16M | $96M | $172M | $164M | $153M | $144M | $131M | $119M | |
| Goodwill | · | · | · | · | · | $0 | $16M | $16M | $76M | $76M | $76M | $76M | |
| Intangibles | · | · | · | · | · | $0 | $10M | $10M | $10M | $10M | $10M | $10M | |
| Total Assets | $12.91B | $13.08B | $11.81B | $10.93B | $10.69B | $9.03B | $8.43B | $8.58B | $7.25B | $7.37B | $2.45B | $2.53B | |
| Deferred Tax | · | · | · | · | $0 | $359.0K | $279.0K | $261.0K | $244.0K | $265.0K | $232.0K | $1M | |
| Total Liabilities | $7.90B | $8.43B | $7.30B | $6.81B | $7.30B | $6.36B | $6.36B | $6.31B | $4.79B | $4.94B | $2.70B | $2.70B | |
| Long-term Debt | $7.20B | $7.74B | $6.63B | $6.13B | $6.55B | $5.75B | · | $5.85B | $4.44B | $4.66B | $2.51B | $2.57B | |
| Total Debt | · | · | · | · | · | · | · | · | · | $4.66B | $2.51B | · | |
| Common Stock | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | |
| Retained Earnings | $-1.99B | $-1.94B | $-1.90B | $-1.80B | $-1.77B | $-1.61B | $-1.89B | $-1.69B | $-1.48B | $-1.33B | $-1.19B | $-1.07B | |
| AOCI | $904.0K | $0 | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $4.63B | $4.27B | $4.16B | $4.12B | $3.39B | $2.68B | $2.07B | $2.27B | $2.46B | $2.43B | $-254M | $-176M | |
| Liabilities + Equity | $12.91B | $13.08B | $11.81B | $10.93B | $10.69B | $9.03B | $8.43B | $8.58B | $7.25B | $7.37B | $2.45B | $2.53B | |
| Shares Outstanding | 283,037,310 | 274,422,549 | 270,922,719 | 260,727,030 | 247,206,937 | 232,452,220 | 214,694,165 | 214,211,932 | 212,717,549 | · | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $283M | $273M | $276M | $255M | $252M | $243M | $259M | $148M | $124M | $116M | $110M | $107M | |
| Stock-based Comp | $21M | $24M | $23M | $20M | $17M | $20M | $16M | $11M | $16M | $18M | $17M | $12M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $5M | $451.0K | $-755.0K | $-522.0K | $-561.0K | $-2M | $-813.0K | $-3M | |
| Other Non-cash | $181.0K | $-10M | $-24M | $-40M | $-4M | $-341M | $85M | $156M | · | $93M | · | · | |
| Operating Cash Flow | $1.13B | $1.07B | $1.01B | $920M | $804M | $428M | $750M | $654M | $599M | $514M | $320M | $273M | |
| CapEx | · | · | · | · | $14M | $474.0K | $0 | $20.0K | $78.0K | $330.0K | $16M | $139M | |
| Investing Cash Flow | $-309M | $-1.61B | $-651M | $-354M | $-1.03B | $-9M | $-3M | $-1.51B | $698.0K | $-3.22B | · | · | |
| Debt Issued | $1.29B | $1.52B | $1.08B | $424M | $795M | $2.08B | $1.36B | $2.59B | $100M | $2.55B | $0 | $292M | |
| Net Debt Issued | $-534M | $1.06B | $493M | $-847M | $432M | $15M | $-119M | $1.43B | · | $2.17B | $-68M | $260M | |
| Dividends Paid | $872M | $831M | $834M | $771M | $634M | $231M | $589M | $550M | $529M | $428M | $252M | $494M | |
| Financing Cash Flow | $-1.06B | $312M | $86M | $-1.05B | $443M | $63M | $-746M | $852M | $-607M | $2.70B | · | · | |
| Net Change in Cash | $-238M | $-221M | $445M | $-486M | $238M | $460M | $1M | $-3M | $-8M | $-5M | · | · | |
| Taxes Paid | $2M | $4M | $2M | $21M | $17M | $3M | $6M | $5M | $12M | $7M | $10M | $20M | |
| Free Cash Flow | · | · | · | · | $790M | $428M | $750M | $654M | · | $514M | $304M | $134M | |
| Levered FCF | · | · | · | · | $521M | $148M | $452M | $410M | · | $333M | $186M | $21M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 75.3% | 73.8% | 74.2% | 78.5% | 69.2% | 70.2% | 62.2% | 56.2% | · | 58.0% | 44.8% | 43.7% | |
| Net Margin | 51.7% | 51.2% | 51.0% | 52.2% | 43.9% | 43.9% | 33.9% | 32.2% | · | 34.9% | 22.3% | 23.5% | |
| Pretax Margin | 53.5% | 52.9% | 52.6% | 54.9% | 46.2% | 44.2% | 34.3% | 32.6% | · | 35.8% | 23.6% | 24.3% | |
| EBITDA Margin | 93.1% | 91.7% | 93.4% | 97.9% | 89.9% | 91.2% | 84.7% | 70.3% | · | 72.0% | 44.8% | 43.7% | |
| ROA | 6.3% | 6.3% | 6.5% | 6.3% | 5.4% | 5.8% | 4.6% | 4.3% | · | 5.9% | 5.1% | · | |
| ROE | 18.6% | 18.6% | 17.8% | 19.1% | 18.1% | 20.7% | 19.1% | 15.2% | · | 26.5% | -59.6% | · | |
| ROIC | 25.9% | 26.4% | 25.6% | 26.6% | 25.1% | 30.0% | 34.2% | 25.8% | · | 6.6% | 10.8% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | · | · | · | · | · | 1.9 | -9.9 | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | 1.9 | -9.9 | · | |
| Interest Coverage | · | 3.1 | 3.3 | 3.3 | 3.0 | 2.9 | 2.4 | 2.4 | · | 2.6 | 2.1 | 2.2 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 4.1% | 6.3% | 9.8% | 7.8% | 5.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.7% | 8.0% | 7.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 2.8% | 3.6% | 2.6% | 19.5% | -1.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 3.0% | 8.3% | 6.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 5.2% | 6.9% | 7.2% | 28.2% | 5.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 6.4% | 13.7% | 13.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 10.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 30.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.59B | $1.53B | $1.44B | $1.31B | $1.22B | $1.15B | $1.15B | $1.06B | $971M | $828M | $575M | $591M | |
| Net Income TTM | $825M | $785M | $734M | $685M | $534M | $506M | $391M | $340M | $381M | $289M | $128M | $139M | |
| Market Cap | $12.65B | $13.22B | $13.37B | $13.58B | $12.03B | $9.86B | $0 | $6.92B | · | · | · | · | |
| P/E | 15.1 | 16.8 | 17.8 | 19.3 | 21.5 | 18.4 | 23.8 | 20.4 | 20.7 | 19.1 | 25.7 | 24.9 | |
| P/S | 7.9 | 8.6 | 9.3 | 10.4 | 9.9 | 8.5 | 0.0 | 6.6 | · | · | · | · | |
| P/B | 2.7 | 3.1 | 3.2 | 3.6 | 3.8 | 3.7 | · | 3.1 | · | · | · | · | |
| P / Tangible Book | 2.7 | 3.1 | 3.2 | 3.3 | 3.5 | 3.7 | · | · | · | · | · | · | |
| P / Cash Flow | 11.2 | 12.3 | 13.2 | 14.8 | 15.0 | 23.0 | 0.0 | 10.6 | · | · | · | · | |
| P / FCF | · | · | · | · | 15.2 | 23.0 | 0.0 | 10.6 | · | · | · | · | |
| Dividend Yield | 6.9% | 6.3% | 6.2% | 5.7% | 5.3% | 2.3% | · | 8.0% | · | · | · | · | |
| Earnings Yield | 6.6% | 6.0% | 5.6% | 5.2% | 4.6% | 5.4% | 4.2% | 4.9% | 4.8% | 5.2% | 3.9% | 4.0% | |
| Payout Ratio | 105.7% | 105.9% | 113.6% | 112.6% | 118.7% | 45.6% | 150.7% | 162.1% | · | 148.1% | 196.5% | 356.0% | |
| Annual Payout | $872M | $831M | $834M | $771M | $634M | $231M | $589M | $550M | $529M | $428M | $252M | $494M |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $431M | $420M | $407M | $398M | $395M | $395M | · | $385M | $381M | $376M | · | $360M | $357M | $355M | · | $334M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| SG&A Expense | $13M | $18M | $12M | $17M | $16M | $19M | $14M | $13M | $14M | $18M | $14M | $14M | $13M | $16M | $11M | $12M | |
| Operating Expenses | $98M | $87M | $44M | $60M | $153M | $136M | $81M | $114M | $87M | $118M | $74M | $91M | $118M | $88M | $61M | $16M | |
| Operating Income | $332M | $333M | $363M | $337M | $242M | $259M | $308M | $271M | $293M | $258M | $295M | $268M | $238M | $267M | $275M | $318M | |
| Interest Expense | · | · | · | · | · | · | · | $96M | $87M | $87M | · | $80M | $79M | $81M | $77M | $77M | |
| Interest Income | · | · | · | · | · | · | · | $-3M | $5M | $2M | · | $0 | $0 | $0 | · | · | |
| Other Non-op | $-97M | $-93M | $-87M | $-88M | $-85M | $-88M | $-84M | $-81M | $-79M | $-77M | $-77M | $-79M | $-78M | $-78M | $-75M | $-76M | |
| Pretax Income | $236M | $240M | $276M | $249M | $157M | $171M | $224M | $191M | $215M | $180M | $218M | $190M | $160M | $189M | $200M | $241M | |
| Income Tax | $601.0K | $560.0K | $560.0K | $560.0K | $545.0K | $564.0K | $565.0K | $515.0K | $412.0K | $637.0K | $957.0K | $482.0K | $40.0K | $518.0K | $624.0K | $15M | |
| Net Income | $228M | $232M | $267M | $241M | $151M | $165M | $217M | $185M | $208M | $174M | $211M | $184M | $156M | $183M | $194M | $220M | |
| EPS (Basic) | $0.80 | $0.82 | $0.95 | $0.85 | $0.55 | $0.60 | $0.79 | $0.67 | $0.77 | $0.64 | $0.79 | $0.70 | $0.59 | $0.70 | $0.76 | $0.86 | |
| EPS (Diluted) | $0.80 | $0.82 | $0.96 | $0.85 | $0.54 | $0.60 | $0.79 | $0.67 | $0.77 | $0.64 | $0.78 | $0.70 | $0.59 | $0.70 | $0.76 | $0.85 | |
| Shares (Basic) | 285,725,000 | 283,219,000 | -555,668,000 | 283,008,000 | 277,438,000 | 274,827,000 | -543,977,000 | 273,788,000 | 271,501,000 | 271,490,000 | -523,466,000 | 263,238,000 | 262,490,000 | 261,791,000 | -498,917,000 | 256,558,000 | |
| Shares (Diluted) | 285,857,000 | 283,556,000 | -556,660,000 | 283,503,000 | 277,797,000 | 275,403,000 | -545,355,000 | 274,798,000 | 272,065,000 | 272,026,000 | -525,286,000 | 264,207,000 | 263,400,000 | 262,672,000 | -500,086,000 | 257,530,000 | |
| EBITDA | $332M | $403M | · | $337M | $242M | $328M | · | $271M | $293M | $326M | · | $268M | $238M | $336M | · | $318M |
Balance Sheet 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Short-term Investments | · | · | $0 | $0 | $0 | $0 | $561M | $554M | $348M | $343M | · | · | · | · | · | · | |
| Total Assets | $14.16B | $13.77B | $12.91B | $12.79B | $12.49B | $12.13B | $13.08B | $12.68B | $11.78B | $11.78B | · | $11.24B | $11.03B | $11.12B | · | $10.78B | |
| Total Liabilities | $8.77B | $8.73B | $7.90B | $7.83B | $7.56B | $7.54B | $8.43B | $8.06B | $7.27B | $7.29B | · | $6.93B | $6.93B | $7.00B | · | $6.83B | |
| Long-term Debt | $8.08B | $8.08B | $7.20B | $7.20B | $6.89B | $6.89B | $7.74B | $7.41B | $6.63B | $6.63B | · | $6.25B | $6.25B | $6.29B | · | $6.13B | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | |
| Retained Earnings | $-1.99B | $-1.98B | $-1.99B | $-2.04B | $-2.06B | $-1.99B | $-1.94B | $-1.95B | $-1.93B | $-1.93B | · | $-1.91B | $-1.90B | $-1.87B | · | $-1.81B | |
| AOCI | $858.0K | $881.0K | $904.0K | $927.0K | $837.0K | · | $0 | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $4.98B | $4.63B | $4.63B | $4.58B | $4.55B | $4.22B | $4.27B | $4.25B | $4.13B | $4.13B | · | $3.96B | $3.75B | $3.77B | $4.12B | $3.61B | |
| Liabilities + Equity | $14.16B | $13.77B | $12.91B | $12.79B | $12.49B | $12.13B | $13.08B | $12.68B | $11.78B | $11.78B | · | $11.24B | $11.03B | $11.12B | · | $10.78B | |
| Shares Outstanding | 290,919,328 | 283,221,841 | 283,037,310 | 283,008,342 | 283,007,539 | 274,832,999 | 274,422,549 | 274,391,553 | 271,500,584 | 271,500,584 | · | 267,015,730 | 262,640,178 | 262,355,725 | · | 257,516,925 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $71M | $69M | $68M | $72M | $74M | $69M | $68M | $68M | $69M | $69M | $69M | $70M | $69M | $69M | $63M | $63M | |
| Stock-based Comp | $5M | $8M | $5M | $2M | $6M | $9M | $5M | $5M | $5M | $8M | $5M | $5M | $5M | $8M | $4M | $4M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | |
| Other Non-cash | · | $-39M | · | · | · | $9M | · | · | · | $7M | · | · | · | $-19M | · | · | |
| Operating Cash Flow | $350M | $270M | $343M | $240M | $293M | $252M | $292M | $270M | $252M | $258M | $263M | $253M | $252M | $241M | $221M | $241M | |
| CapEx | · | $111M | · | · | $21M | $13M | · | $9M | $7M | $13.0K | · | $13M | $17M | $10M | · | $6M | |
| Investing Cash Flow | $-409M | $-854M | $-642M | $-167M | $-34M | $534M | $-429M | $-572M | $-156M | $-448M | $-16M | $-189M | $-24M | $-422M | $-8M | $-58M | |
| Debt Issued | $0 | $2.16B | $0 | $1.29B | $0 | $0 | $332M | $1.19B | $0 | $0 | $393M | $10M | $15M | $660M | $0 | $0 | |
| Net Debt Issued | · | $877M | · | · | · | $-850M | · | · | · | $-64M | · | · | · | $160M | · | · | |
| Dividends Paid | $239M | $221M | $221M | $221M | $221M | $209M | $209M | $209M | $207M | $207M | $198M | $192M | $189M | $255M | $184M | $182M | |
| Financing Cash Flow | $104M | $634M | $-228M | $74M | $176M | $-1.08B | $105M | $702M | $-213M | $-282M | $355M | $8M | $-226M | $-51M | $-33M | $-130M | |
| Net Change in Cash | $44M | $50M | · | · | $435M | $-294M | $-32M | $400M | $-117M | $-472M | $603M | $72M | $3M | $-232M | $180M | $53M | |
| Taxes Paid | $2M | · | $230.0K | $215.0K | $2M | · | $536.0K | $590.0K | $2M | · | $418.0K | $448.0K | $1M | · | $15M | $-977.0K | |
| Free Cash Flow | · | $159M | · | · | · | $240M | · | · | · | $258M | · | · | · | $231M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $171M | · | · | · | $150M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 77.2% | 79.4% | · | 84.8% | 61.3% | 65.5% | · | 70.4% | 77.1% | 68.5% | · | 74.6% | 66.8% | 75.1% | · | 95.1% | |
| Net Margin | 53.1% | 55.2% | · | 60.7% | 38.4% | 41.8% | · | 47.9% | 54.7% | 46.4% | · | 51.2% | 43.6% | 51.6% | · | 65.9% | |
| Pretax Margin | 54.7% | 57.1% | · | 62.6% | 39.7% | 43.2% | · | 49.5% | 56.4% | 47.9% | · | 52.8% | 44.9% | 53.3% | · | 72.3% | |
| EBITDA Margin | 77.2% | 95.9% | · | 84.8% | 61.3% | 83.0% | · | 70.4% | 77.1% | 86.8% | · | 74.6% | 66.8% | 94.5% | · | 95.1% | |
| ROA | 1.7% | 1.8% | · | 1.9% | 1.2% | 1.4% | · | 1.5% | 1.8% | 1.5% | · | 1.7% | 1.4% | 1.7% | · | 2.2% | |
| ROE | 4.8% | 5.2% | · | 5.5% | 3.5% | 4.0% | · | 4.5% | 5.3% | 4.4% | · | 4.9% | 4.5% | 5.3% | · | 6.8% | |
| ROIC | 6.7% | 7.2% | · | 7.3% | 5.3% | 6.1% | · | 6.4% | 7.1% | 6.2% | · | 6.8% | 6.3% | 7.1% | · | 8.2% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | 2.8 | 3.4 | 3.0 | · | 3.4 | 3.0 | 3.3 | · | 4.1 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.64B | $1.61B | · | $1.57B | $1.56B | $1.54B | · | $1.50B | $1.47B | $1.45B | · | $1.41B | $1.37B | $1.33B | · | $1.27B | |
| Net Income TTM | $853M | $790M | · | $743M | $710M | $733M | · | $751M | $722M | $697M | · | $743M | $710M | $674M | · | $640M | |
| Market Cap | $12.95B | $12.57B | · | $13.19B | $13.21B | $13.99B | · | $14.12B | $12.27B | $12.51B | · | $12.16B | $12.73B | $13.66B | · | $11.39B | |
| P/E | 14.8 | 15.8 | · | 17.5 | 18.1 | 19.0 | · | 18.5 | 16.7 | 17.5 | · | 16.0 | 17.6 | 19.7 | · | 17.2 | |
| P/S | 7.9 | 7.8 | · | 8.4 | 8.5 | 9.1 | · | 9.4 | 8.3 | 8.6 | · | 8.7 | 9.3 | 10.3 | · | 8.9 | |
| P/B | 2.6 | 2.7 | · | 2.9 | 2.9 | 3.3 | · | 3.3 | 3.0 | 3.0 | · | 3.1 | 3.4 | 3.6 | · | 3.2 | |
| P / Tangible Book | 2.6 | 2.7 | · | 2.9 | 2.9 | 3.3 | · | 3.3 | 3.0 | 3.0 | · | 3.1 | 3.4 | 3.6 | · | 3.2 | |
| P / Cash Flow | · | 46.5 | · | · | · | 55.4 | · | · | · | 48.5 | · | · | · | 56.6 | · | · | |
| P / FCF | · | 79.2 | · | · | · | 58.4 | · | · | · | 48.5 | · | · | · | 59.0 | · | · | |
| Earnings Yield | 6.8% | 6.3% | · | 5.7% | 5.5% | 5.3% | · | 5.4% | 6.0% | 5.7% | · | 6.2% | 5.7% | 5.1% | · | 5.8% | |
| Payout Ratio | · | 95.4% | · | · | · | 126.6% | · | · | · | 118.4% | · | · | · | 139.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.59B | $1.53B | $1.44B | $1.31B | $1.22B |
| Operating Margin % | 75.3% | 73.8% | 74.2% | 78.5% | 69.2% |
| Net Income | $825M | $785M | $734M | $685M | $534M |
| Diluted EPS | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | $790M |
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Institutional owners (13F) 664 filers · $8.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 86 (+4 vs prior Q) | 46 (-5 vs prior Q) | 239 (-17 vs prior Q) | 183 (+8 vs prior Q) | +48.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,054,773,471 | 23,686,806 | 12.44% | Shares |
| Dodge & Cox | $613,317,702 | 13,773,135 | 7.23% | Shares |
| STATE STREET CORP | $600,144,347 | 13,477,304 | 7.08% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $547,900,593 | 12,304,078 | 6.46% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $454,570,923 | 10,208,195 | 5.36% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $322,770,598 | 7,262,631 | 3.81% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $292,128,240 | 6,560,257 | 3.45% | Shares |
| CITADEL ADVISORS LLC | $272,416,995 | 6,117,606 | 3.21% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $188,408,567 | 4,231,048 | 2.22% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $172,402,823 | 3,871,610 | 2.03% | Shares |
| NORGES BANK | $172,392,373 | 3,871,376 | 2.03% | Shares |
| JENNISON ASSOCIATES LLC | $160,257,103 | 3,598,857 | 1.89% | Shares |
| MORGAN STANLEY | $134,300,954 | 3,015,965 | 1.58% | Shares |
| Balyasny Asset Management L.P. | $125,059,477 | 2,808,432 | 1.47% | Shares |
| GOLDMAN SACHS GROUP INC | $116,004,969 | 2,605,097 | 1.37% | Shares |
| AMERIPRISE FINANCIAL INC | $105,018,803 | 2,358,391 | 1.24% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $102,830,769 | 2,309,247 | 1.21% | Shares |
| Gates Capital Management, Inc. | $91,500,378 | 2,054,803 | 1.08% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $88,439,519 | 1,986,066 | 1.04% | Shares |
| Quantinno Capital Management LP | $87,804,309 | 1,971,801 | 1.04% | Shares |
| Ninety One UK Ltd | $87,256,127 | 1,959,491 | 1.03% | Shares |
| 140 Summer Partners LP | $83,000,491 | 1,863,923 | 0.98% | Shares |
| BAMCO INC /NY/ | $82,119,599 | 1,844,141 | 0.97% | Shares |
| Munich Reinsurance Co Stock Corp in Munich | $80,735,829 | 1,813,066 | 0.95% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $79,120,993 | 1,776,802 | 0.93% | Shares |
| HighTower Advisors, LLC | $73,775,515 | 1,656,760 | 0.87% | Shares |
| VestGen Advisors, LLC | $70,447,083 | 1,582,014 | 0.83% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $62,108,707 | 1,394,761 | 0.73% | Shares |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH | $59,021,772 | 1,264,391 | 0.70% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $54,332,389 | 1,220,130 | 0.64% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $52,162,264 | 1,171,396 | 0.62% | Shares |
| Nuveen Asset Management, LLC | $51,674,981 | 1,072,985 | 0.61% | Shares |
| FMR LLC | $51,156,257 | 1,148,804 | 0.60% | Shares |
| PFA Pension, Forsikringsaktieselskab | $50,615,126 | 1,136,652 | 0.60% | Shares |
| Nuveen, LLC | $45,573,828 | 1,023,441 | 0.54% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $44,852,180 | 1,003,629 | 0.53% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $44,329,926 | 995,507 | 0.52% | Shares |
| RHUMBLINE ADVISERS | $38,308,468 | 860,286 | 0.45% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $37,703,863 | 846,707 | 0.44% | Shares |
| Qube Research & Technologies Ltd | $34,468,313 | 774,047 | 0.41% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $34,183,944 | 767,661 | 0.40% | Shares |
| Swiss National Bank | $33,778,009 | 758,545 | 0.40% | Shares |
| APG Asset Management US Inc. | $31,742,970 | 726,550 | 0.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $31,620,887 | 710,103 | 0.37% | Shares |
| California Public Employees Retirement System | $29,472,715 | 661,862 | 0.35% | Shares |
| Retirement Systems of Alabama | $29,270,949 | 657,331 | 0.35% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $28,155,915 | 634,571 | 0.33% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $26,683,351 | 599,221 | 0.31% | Shares |
| Arbejdsmarkedets Tillaegspension | $26,424,102 | 593,400 | 0.31% | Shares |
| SEB Asset Management AB | $26,069,153 | 585,429 | 0.31% | Shares |
| ALLIANCEBERNSTEIN L.P. | $25,924,504 | 584,280 | 0.31% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $24,383,426 | 547,573 | 0.29% | Shares |
| Asset Management One Co., Ltd. | $24,294,527 | 547,544 | 0.29% | Shares |
| TUDOR INVESTMENT CORP ET AL | $23,303,751 | 523,327 | 0.27% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $22,488,362 | 505,016 | 0.27% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $21,038,020 | 472,446 | 0.25% | Shares |
| Hazelview Securities Inc. | $20,645,381 | 469,747 | 0.24% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $20,025,995 | 449,743 | 0.24% | Shares |
| Sound Income Strategies, LLC | $19,885,943 | 446,574 | 0.23% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $17,984,598 | 403,876 | 0.21% | Shares |
| Hudson Bay Capital Management LP | $17,739,327 | 398,368 | 0.21% | Shares |
| SummitTX Capital, L.P. | $16,786,207 | 376,964 | 0.20% | Shares |
| NEUBERGER BERMAN GROUP LLC | $16,706,720 | 375,179 | 0.20% | Shares |
| MACQUARIE GROUP LTD | $15,551,880 | 349,245 | 0.18% | Shares |
| Robeco Institutional Asset Management B.V. | $15,535,090 | 348,868 | 0.18% | Shares |
| BlackRock, Inc. | $15,431,560 | 346,543 | 0.18% | Shares |
| Gotham Asset Management, LLC | $15,423,144 | 346,354 | 0.18% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $15,143,362 | 340,071 | 0.18% | Shares |
| Polaris Capital Management, LLC | $14,922,003 | 335,100 | 0.18% | Shares |
| Korea Investment CORP | $14,417,656 | 323,774 | 0.17% | Shares |
| Vanguard Investments Australia, Ltd. | $13,806,838 | 310,057 | 0.16% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $13,772,632 | 309,289 | 0.16% | Shares |
| BARCLAYS PLC | $13,520,422 | 303,625 | 0.16% | Shares |
| BARCLAYS PLC | $13,359,000 | 300,000 | 0.16% | Call option |
| State of New Jersey Common Pension Fund D | $12,846,682 | 288,495 | 0.15% | Shares |
| Mediolanum International Funds Ltd | $12,825,142 | 279,354 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $12,716,657 | 285,575 | 0.15% | Shares |
| BANK OF MONTREAL /CAN/ | $12,222,016 | 274,467 | 0.14% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $12,065,314 | 270,948 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $11,867,245 | 266,500 | 0.14% | Call option |
| Sophron Capital Management L.P. | $11,807,619 | 265,161 | 0.14% | Shares |
| DigitalBridge Group, Inc. | $11,341,791 | 254,700 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,177,030 | 251,000 | 0.13% | Put option |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $11,155,656 | 250,520 | 0.13% | Shares |
| Allianz Asset Management GmbH | $11,003,452 | 247,102 | 0.13% | Shares |
| RAYMOND JAMES FINANCIAL INC | $10,844,644 | 243,536 | 0.13% | Shares |
| Focus Partners Wealth | $10,716,626 | 240,661 | 0.13% | Shares |
| TD Asset Management Inc | $10,663,065 | 239,458 | 0.13% | Shares |
| NATIXIS | $10,581,708 | 237,631 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $9,783,018 | 219,695 | 0.12% | Shares |
| AVIVA PLC | $9,727,579 | 218,450 | 0.11% | Shares |
| MetLife Investment Management, LLC | $9,707,317 | 217,995 | 0.11% | Shares |
| Presima Securities ULC | $9,670,796 | 217,958 | 0.11% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,456,391 | 212,360 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $9,372,274 | 210,471 | 0.11% | Shares |
| Quantbot Technologies LP | $9,369,067 | 210,399 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $9,355,753 | 210,100 | 0.11% | Call option |
| Cubist Systematic Strategies, LLC | $8,769,334 | 188,143 | 0.10% | Shares |
| IEQ CAPITAL, LLC | $8,706,142 | 195,512 | 0.10% | Shares |
| Legal & General Group Plc | $8,449,568 | 189,750 | 0.10% | Shares |
Company insiders 12 insiders · 5 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Peter M Carlino | Chairman & CEO | April 25, 2017 F | 4,135,723 | 0 | 0 | $0 |
| William J Clifford | Sr VP-Chief Financial Officer | Jan. 29, 2017 M | 163,328 | 0 | 0 | $0 |
| Brandon John Moore | SVP & General Counsel | April 25, 2017 F | 36,393 | 0 | 0 | $0 |
| Desiree A. Burke | SVP & Chief Accounting Officer | April 25, 2017 F | 36,146 | 0 | 0 | $0 |
| Steven T. Snyder | Sr VP-Corp Development | April 25, 2017 F | 321,726 | 0 | 0 | $0 |
| Scott E Urdang | Director | June 10, 2026 S | 127,429 | 0 | 1 | $-144,960 |
| James Perry | Director | April 5, 2017 A | 5,201 | 0 | 0 | $0 |
| Earl C Shanks | Director | March 16, 2017 A | 33,647 | 0 | 0 | $0 |
| David A Handler | Director | Feb. 19, 2017 M | 307,731 | 0 | 0 | $0 |
| Joseph W Marshall III | Director | Jan. 3, 2017 A | 21,351 | 0 | 0 | $0 |
| Wesley R Edens | Director | May 24, 2016 S | 0 | 0 | 0 | $0 |
| PENN NATIONAL GAMING INC | 10% owner | Oct. 30, 2013 J | 89,020,704 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| FIG LLC (2), Fortress Fund V GP L.P. (2), Fortress Fund V GP Holdings Ltd. (2), Fortress Operating Entity I LP (2), FIG Corp. (2), Fortress Investment Group LLC (2), Wesley R. Edens (2), Fortress GLPI VoteCo LLC (2), Randal A. Nardone (2) | May 26, 2016 | — | Initial filing | — | SEC |
| Gold Merger Sub, LLC (as successor by merger to Pinnacle Entertainment, Inc.) | April 28, 2016 | — | Initial filing | — | SEC |
| Carlino Family Trust, Peter M. Carlino ×2 filings | Sept. 15, 2015 | — | Initial filing | — | SEC |
| Pinnacle Entertainment, Inc. | July 24, 2015 | — | Initial filing | — | SEC |
| FIG LLC, Fortress Fund V GP L.P., Fortress Fund V GP Holdings Ltd., Fortress Operating Entity I LP, FIG Corp., Fortress Investment Group LLC, Wesley R. Edens, Fortress GLPI VoteCo LLC, Randal A. Nardone ×3 filings | March 19, 2015 | — | Initial filing | — | SEC |
| FIF V PFD LLC, FIG LLC, Fortress Investment Fund V (Fund A) L.P., Fortress Investment Fund V (Fund B) L.P., Fortress Investment Fund V (Fund C) L.P., Fortress Investment Fund V (Fund D) L.P., Fortress Investment Fund V (Fund E) L.P., Fortress Investment Fund V (Fund F) L.P., Fortress Investment Fund V (Coinvestment Fund A) L.P., Fortress Investment Fund V (Coinvestment Fund B) L.P., Fortress Investment Fund V (Coinvestment Fund C) L.P., Fortress Investment Fund V (Coinvestment Fund D) L.P., Fortress Investment Fund V (Coinvestment Fund F) L.P., Fortress Fund V GP L.P., Fortress Fund V GP (BCF) L.P., Fortress Fund V GP Holdings Ltd., Fortress Fund V GP (BCF) Holdings Ltd., Fortress Operating Entity I LP, Principal Holdings I LP, FIG Corp., FIG Asset Co. LLC, Fortress Investment Group LLC, Wesley R. Edens | Nov. 12, 2013 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 125 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PJFM · PGIM ETF Trust | 4.10% | 14,534 NS | May 29, 2026 | N-PORT |
| SRET · Global X Funds | 3.54% | 172,811 NS | April 30, 2026 | N-PORT |
| NETL · ETF Series Solutions | 3.41% | 35,637 NS | May 31, 2026 | N-PORT |
| KBWY · Invesco Exchange-Traded Fund Trust … | 3.16% | 222,820 | Aug. 8, 2026 | Daily |
| PSR · Invesco Actively Managed Exchange-T… | 2.82% | 38,330 | Aug. 8, 2026 | Daily |
| REIT · ALPS ETF Trust | 2.05% | 22,835 NS | May 31, 2026 | N-PORT |
| DIV · Global X Funds | 2.05% | 316,687 NS | April 30, 2026 | N-PORT |
| RDOG · ALPS ETF Trust | 1.98% | 4,702 NS | May 31, 2026 | N-PORT |
| IRET · Tidal Trust II | 1.64% | 895 NS | April 30, 2026 | N-PORT |
| RIET · ETF Series Solutions | 1.54% | 34,354 NS | May 31, 2026 | N-PORT |
| BLDG · Cambria ETF Trust | 1.30% | 13,763 NS | April 30, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.28% | 217,293 | Aug. 8, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 1.07% | 281,005 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 1.07% | 372,347 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.97% | 1,023,069 SH | Aug. 8, 2026 | Daily |
| SCHH · SCHWAB STRATEGIC TRUST | 0.94% | 2,002,091 NS | May 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.90% | 930,336 SH | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.87% | 259,273 NS | April 30, 2026 | N-PORT |
| FDVV · FIDELITY COVINGTON TRUST | 0.85% | 1,618,767 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.69% | 500,311 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.66% | 22,620 NS | May 31, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 0.65% | 4,084 NS | April 30, 2026 | N-PORT |
| REET · iShares Trust | 0.64% | 744,962 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.64% | 10,241,034 SH | Aug. 8, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.63% | 109,101 NS | May 31, 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0.61% | 22,609 NS | April 30, 2026 | N-PORT |
| HIDV · AB Active ETFs, Inc. | 0.60% | 24,691 NS | May 31, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.53% | 382 NS | May 29, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.51% | 27,919 NS | May 31, 2026 | N-PORT |
| IQRA · New York Life Investments Active ET… | 0.49% | 703 NS | April 30, 2026 | N-PORT |
| ERET · iShares Trust | 0.44% | 1,408 SH | Aug. 8, 2026 | Daily |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.43% | 59,814 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.41% | 16,527 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.40% | 32,465 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.40% | 133,747 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.39% | 38,307 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.39% | 794,284 SH | Aug. 8, 2026 | Daily |
| FLCV · Federated Hermes ETF Trust | 0.38% | 7,859 NS | May 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.38% | 34,781 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.37% | 59,883 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.37% | 36,543 | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.36% | 32,843 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.35% | 457,686 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.34% | 9,772,173 SH | Aug. 8, 2026 | Daily |
| FXED · Tidal Trust I | 0.34% | 2,877 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.34% | 42,980 NS | April 30, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.30% | 125,757 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 0.30% | 744,862 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.29% | 9,780 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.27% | 4,688 NS | April 30, 2026 | N-PORT |