Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Raised to $53.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target hoisted by Mizuho from $50.00 to $53.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Barclays upped their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. Finally, UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.32.

Gaming and Leisure Properties Stock Performance

GLPI opened at $47.58 on Wednesday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. The firm has a market cap of $13.48 billion, a PE ratio of 16.35, a P/E/G ratio of 2.15 and a beta of 0.64. The business has a fifty day simple moving average of $46.51 and a 200-day simple moving average of $45.65. Gaming and Leisure Properties has a fifty-two week low of $41.17 and a fifty-two week high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The company had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same period in the previous year, the firm earned $0.95 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, equities analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties’s payout ratio is presently 107.22%.

Insider Activity at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the sale, the chief financial officer directly owned 128,352 shares in the company, valued at approximately $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 69,042 shares of company stock worth $3,203,844. Corporate insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock valued at $1,766,787,000 after buying an additional 899,273 shares during the last quarter. Dodge & Cox increased its holdings in Gaming and Leisure Properties by 0.8% in the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock worth $635,705,000 after buying an additional 108,748 shares during the last quarter. State Street Corp increased its holdings in Gaming and Leisure Properties by 1.2% in the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock worth $576,193,000 after buying an additional 147,683 shares during the last quarter. Wellington Management Group LLP raised its position in Gaming and Leisure Properties by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock valued at $518,048,000 after acquiring an additional 198,582 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Gaming and Leisure Properties by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock valued at $347,012,000 after acquiring an additional 525,317 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.