Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Given Average Recommendation of “Hold” by Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $50.20.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped 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 note on Tuesday, June 30th. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a report on Thursday, June 18th. Scotiabank lowered their target price on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Stifel Nicolaus reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday. Finally, Morgan Stanley upped their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.41 on Friday. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $49.95. The business has a fifty day moving average of $45.32 and a 200 day moving average of $46.25. 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 firm has a market capitalization of $12.92 billion, a P/E ratio of 13.02, a PEG ratio of 1.98 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) 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 company 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 firm posted $0.96 earnings per share. 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. As a group, sell-side analysts anticipate that Gaming and Leisure Properties will post 4.01 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.82 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.4%. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors have recently bought and sold shares of GLPI. V Square Quantitative Management LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $29,000. SHP Wealth Management bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter worth about $31,000. Essential Partners LLC lifted 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 worth $39,000 after buying an additional 240 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $40,000. 91.14% of the stock is owned by hedge funds and other 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.