Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 1-Year Low After Analyst Downgrade

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)’s share price hit a new 52-week low during trading on Monday after Citizens Jmp lowered their price target on the stock from $55.00 to $49.00. Citizens Jmp currently has a market outperform rating on the stock. Gaming and Leisure Properties traded as low as $37.33 and last traded at $37.8270, with a volume of 266957 shares changing hands. The stock had previously closed at $37.68.

Several other analysts also recently weighed in on GLPI. Piper Sandler upgraded Gaming and Leisure Properties to a “buy” rating in a research report on Friday. Barclays lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Finally, Scotiabank decreased their price target on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.83.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several hedge funds have recently modified their holdings of the business. SHP Wealth Management bought a new position in Gaming and Leisure Properties in the fourth quarter worth approximately $30,000. Markowski Investments bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $35,000. Parkside Financial Bank & Trust lifted its stake in shares of Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 425 shares during the last quarter. Essential Partners LLC boosted its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in Gaming and Leisure Properties during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market cap of $11.03 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65. The firm has a 50 day simple moving average of $41.79 and a 200-day simple moving average of $44.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, research analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.7%. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.