Royal Bank Of Canada Issues Pessimistic Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by equities researchers at Royal Bank Of Canada from $54.00 to $52.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 17.01% from the stock’s current price.

A number of other analysts have also recently commented on the company. Scotiabank lowered their price target on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Stifel Nicolaus cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their target price on 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. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Barclays reduced their price target 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.20.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded down $0.35 on Monday, hitting $44.44. 422,888 shares of the company were exchanged, compared to its average volume of 2,313,358. Gaming and Leisure Properties has a 1-year low of $41.17 and a 1-year high of $49.95. The stock’s 50 day moving average price is $45.45 and its 200 day moving average price is $46.27. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $12.93 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting 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 analyst estimates of $428.51 million. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Gaming and Leisure Properties will post 4.01 EPS for the current year.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’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 completion of the transaction, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at about $30,000. International Assets Investment Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Essential Partners LLC boosted its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of Gaming and Leisure Properties in the first quarter valued at approximately $40,000. Institutional investors and hedge funds 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.