Cantor Fitzgerald Lowers Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $49.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective decreased by investment analysts at Cantor Fitzgerald from $51.00 to $49.00 in a report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 9.01% from the company’s previous close.

A number of other equities analysts have also weighed in on GLPI. Mizuho upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Macquarie lowered their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Barclays upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $51.00 to $54.00 in a research note on Monday, October 20th. Finally, Scotiabank raised their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.50.

Gaming and Leisure Properties Price Performance

GLPI traded up $0.77 on Thursday, reaching $44.95. The stock had a trading volume of 1,809,382 shares, compared to its average volume of 2,203,693. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 9.59 and a beta of 0.74. Gaming and Leisure Properties has a fifty-two week low of $42.26 and a fifty-two week high of $52.27. The firm has a 50-day moving average of $46.05 and a 200-day moving average of $46.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company had revenue of $397.60 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. Gaming and Leisure Properties’s revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in Gaming and Leisure Properties in the second quarter worth $175,169,000. Nuveen LLC bought a new stake in Gaming and Leisure Properties during the first quarter worth about $151,723,000. Balyasny Asset Management L.P. purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth about $124,785,000. Invesco Ltd. boosted its holdings in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Gaming and Leisure Properties by 731.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after purchasing an additional 1,946,575 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.