Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Lowered to $48.00 at Mizuho

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by Mizuho from $53.00 to $48.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 15.50% from the company’s previous close.

Several other research analysts have also recently weighed in on GLPI. Royal Bank Of Canada reduced their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Cantor Fitzgerald reduced their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average price target of $49.27.

Gaming and Leisure Properties Stock Down 0.6%

Shares of NASDAQ:GLPI opened at $41.56 on Wednesday. The company has a 50 day moving average price of $43.93 and a two-hundred day moving average price of $45.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The company has a market capitalization of $12.09 billion, a PE ratio of 12.19, a PEG ratio of 1.76 and a beta of 0.65. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue 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. Analysts forecast that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLPI. BlackRock Inc. bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $1,596,811,000. California State Teachers Retirement System increased its position in Gaming and Leisure Properties by 2,755.7% during the 2nd quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock worth $806,956,000 after buying an additional 17,487,046 shares during the period. Cohen & Steers Inc. bought a new position in Gaming and Leisure Properties during the 4th quarter worth $313,242,000. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $167,743,000. Finally, Deutsche Bank AG bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $151,300,000. 91.14% of the stock is owned by institutional investors.

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.