Citizens Jmp Cuts Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $49.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective trimmed by Citizens Jmp from $55.00 to $49.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. Raymond James Financial restated an “outperform” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Royal Bank Of Canada decreased their target price on 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. Citigroup reissued a “market outperform” rating on shares of Gaming and Leisure Properties in a research note on Friday. Mizuho cut their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Finally, Scotiabank reduced their price objective 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 report on Thursday, September 24th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.83.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $37.68 on Friday. Gaming and Leisure Properties has a 52-week low of $37.35 and a 52-week high of $49.95. 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 firm has a market cap of $10.96 billion, a P/E ratio of 11.05, a PEG ratio of 1.57 and a beta of 0.65. The company’s 50-day simple moving average is $41.94 and its 200-day simple moving average is $44.62.

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

Gaming and Leisure Properties Announces Dividend

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

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.11% of the stock is currently owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Several large investors have recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth $30,000. Markowski Investments purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth $35,000. Parkside Financial Bank & Trust raised its position in shares of Gaming and Leisure Properties by 115.2% in the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 425 shares during the last quarter. Essential Partners LLC raised its position in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of Gaming and Leisure Properties in the first quarter valued at about $40,000. 91.14% of the stock is currently 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 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.