Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $48.73 Consensus Price Target from Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $48.7273.

A number of brokerages recently weighed in on GLPI. Cantor Fitzgerald dropped their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Royal Bank Of Canada lowered their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, June 30th.

Insider Activity at Gaming and Leisure Properties

In other news, Director Earl C. Shanks purchased 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, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares of the company’s stock, valued at $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 4.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several hedge funds have recently bought and sold shares of GLPI. Lasalle Investment Management Securities LLC raised its position in 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 acquiring an additional 334,933 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Gaming and Leisure Properties in the first quarter valued at approximately $1,219,000. Bank of America Corp DE acquired a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $54,270,000. New Age Alpha Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 178.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after purchasing an additional 46,005 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $5,736,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 1.7%

Shares of NASDAQ:GLPI opened at $39.25 on Friday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.67 and a beta of 0.65. The firm’s 50-day simple moving average is $42.86 and its 200-day simple moving average is $45.11. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties has a fifty-two week low of $39.21 and a fifty-two week 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, 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 during the quarter, compared to the consensus estimate of $428.51 million. During the same quarter last year, the firm earned $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, equities research analysts predict that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.4%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.