Analysts Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Price Target at $48.73

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.7273.

GLPI has been the topic of several analyst reports. Cantor Fitzgerald dropped their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Scotiabank lowered their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company cut their target price on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st.

Gaming and Leisure Properties Stock Performance

GLPI opened at $39.67 on Friday. Gaming and Leisure Properties has a 12-month low of $39.47 and a 12-month high of $49.95. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $11.54 billion, a PE ratio of 11.63, a P/E/G ratio of 1.65 and a beta of 0.65. The firm has a 50 day moving average of $43.04 and a two-hundred day moving average of $45.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, analysts anticipate that Gaming and Leisure Properties will post 4.03 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 8.3%. The ex-dividend date is Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 96.19%.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.11% of the stock is owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Gaming and Leisure Properties by 29.9% in the second quarter. The Manufacturers Life Insurance Company now owns 472,446 shares of the real estate investment trust’s stock valued at $21,038,000 after buying an additional 108,741 shares in the last quarter. National Pension Service lifted its position in shares of Gaming and Leisure Properties by 75.3% during the 2nd quarter. National Pension Service now owns 39,812 shares of the real estate investment trust’s stock valued at $1,773,000 after buying an additional 17,097 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 267.6% during the 2nd quarter. NewEdge Advisors LLC now owns 26,939 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 19,611 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Gaming and Leisure Properties during the 2nd quarter valued at approximately $5,736,000. Finally, Allworth Financial LP grew its stake in Gaming and Leisure Properties by 6.9% in the 2nd quarter. Allworth Financial LP now owns 75,746 shares of the real estate investment trust’s stock valued at $3,373,000 after acquiring an additional 4,883 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.