Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Expected to Rise, Scotiabank Analyst Says

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price boosted by equities research analysts at Scotiabank from $49.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 15.22% from the company’s previous close.

GLPI has been the topic of a number of other research reports. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of 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. Royal Bank Of Canada lowered their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Stifel Nicolaus dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, Raymond James Financial restated an “outperform” rating on shares of Gaming and Leisure Properties in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.20.

Gaming and Leisure Properties Price Performance

GLPI stock traded up $0.29 during trading on Thursday, hitting $43.40. 663,826 shares of the stock traded hands, compared to its average volume of 2,306,183. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.78 and a beta of 0.66. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $49.95. 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 company has a 50 day simple moving average of $44.90 and a 200 day simple moving average of $46.16.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Equities analysts expect that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Gaming and Leisure Properties during the 1st quarter worth approximately $1,219,000. GSA Capital Partners LLP grew its holdings in shares of Gaming and Leisure Properties by 233.4% in the 4th quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock valued at $1,596,000 after acquiring an additional 25,002 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Gaming and Leisure Properties by 178.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock valued at $3,211,000 after acquiring an additional 46,005 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Gaming and Leisure Properties by 10.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,592 shares of the real estate investment trust’s stock worth $22,147,000 after purchasing an additional 46,497 shares in the last quarter. Finally, Norges Bank bought a new stake in Gaming and Leisure Properties during the fourth quarter worth $167,743,000. 91.14% of the stock is currently owned by 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.