Gaming and Leisure Properties (NASDAQ:GLPI) Stock Gets Price Target Trim from Wells Fargo & Company

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective reduced by Wells Fargo & Company from $43.00 to $40.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on GLPI. Royal Bank Of Canada lowered their price objective 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. Citizens Jmp cut their target price on shares of Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating for the company in a research report on Friday, October 2nd. Scotiabank cut their target price 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. Piper Sandler raised shares of Gaming and Leisure Properties to a “buy” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.69.

Gaming and Leisure Properties Stock Down 2.0%

NASDAQ:GLPI opened at $38.35 on Monday. The business’s fifty day moving average price is $40.42 and its 200 day moving average price is $43.98. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.64 and a beta of 0.65. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties has a 1-year low of $37.33 and a 1-year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates 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%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.82 dividend. 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 8.6%. Gaming and Leisure Properties’s payout ratio is currently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLPI. Lasalle Investment Management Securities LLC lifted its holdings in shares of Gaming and Leisure Properties by 17.0% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after buying an additional 334,933 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $54,270,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $41,756,000. Squarepoint Ops LLC acquired a new stake in shares of Gaming and Leisure Properties in the second quarter worth $5,736,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Gaming and Leisure Properties by 29.9% in the second quarter. The Manufacturers Life Insurance Company now owns 472,446 shares of the real estate investment trust’s stock worth $21,038,000 after acquiring an additional 108,741 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

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 primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.