BlackRock Amends GLPI Stake, Maintains Significant Ownership

Ticker: GLPI · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, real-estate, gaming

Related Tickers: GLPI

TL;DR

**BlackRock still a major holder in GLPI, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Gaming & Leisure Properties, Inc. (GLPI) as of December 31, 2023. This amendment, number 8, indicates BlackRock continues to be a significant institutional investor in GLPI, holding common stock under Rule 13d-1(b). This matters to investors because BlackRock's continued substantial stake signals confidence in GLPI's real estate investment trust (REIT) business model, which focuses on gaming and leisure properties.

Why It Matters

BlackRock's consistent large holding in Gaming & Leisure Properties, Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal immediate risk to investors.

Analyst Insight

Investors should note BlackRock's continued presence as a major shareholder, which can be a factor in assessing institutional confidence in GLPI, but this filing alone doesn't suggest an immediate buy or sell action.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 8)' sections.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., as clearly stated under '(1)Names of reporting persons. BlackRock, Inc.'.

What is the subject company whose securities are being reported?

The subject company is Gaming & Leisure Properties, Inc., identified as 'GAMING AND LEISURE PROPERTIES INC (Name of Issuer)' and 'COMPANY CONFORMED NAME: Gaming & Leisure Properties, Inc.'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox.

From the Filing

0001086364-24-001680.txt : 20240123 0001086364-24-001680.hdr.sgml : 20240123 20240123161355 ACCESSION NUMBER: 0001086364-24-001680 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Gaming & Leisure Properties, Inc. CENTRAL INDEX KEY: 0001575965 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 462116489 STATE OF INCORPORATION: PA FISCAL YEAR END: 1207 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87682 FILM NUMBER: 24552672 BUSINESS ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 610-401-2900 MAIL ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us36467j1088_012324.txt us36467j1088_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) GAMING AND LEISURE PROPERTIES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 36467J108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 36467J108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 29745186 (6) Shared voting power 0 (7) Sole dispositive power 31392216 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 31392216 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 11.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GAMING AND LEISURE PROPERTIES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 845 BERKSHIRE BLVD, SUITE 200 WYOMISSING PA 19610 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address o

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