Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) PT at $49.91

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $49.9091.

A number of brokerages have issued reports on GLPI. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Scotiabank boosted their price target on Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Morgan Stanley upped their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada cut their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $42.56 on Tuesday. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $49.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.78 and a beta of 0.66. The firm has a 50 day simple moving average of $44.03 and a 200 day simple moving average of $45.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting 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 firm had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Research analysts predict that Gaming and Leisure Properties will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the transaction, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director owned 107,259 shares of the company’s stock, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $1,596,811,000. California State Teachers Retirement System boosted its position in Gaming and Leisure Properties by 2,755.7% during the second quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock valued at $806,956,000 after acquiring an additional 17,487,046 shares during the last quarter. Cohen & Steers Inc. bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at $313,242,000. Norges Bank acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $167,743,000. Finally, Deutsche Bank AG acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $151,300,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.