Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 52-Week Low – What’s Next?

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) shares hit a new 52-week low on Wednesday. The stock traded as low as $39.34 and last traded at $39.7270, with a volume of 226279 shares changing hands. The stock had previously closed at $39.92.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GLPI. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. JPMorgan Chase & Co. lowered shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Thursday. Barclays dropped their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Finally, Scotiabank decreased their price target on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.73.

Gaming and Leisure Properties Trading Down 1.8%

The stock has a market cap of $11.21 billion, a PE ratio of 11.30, a PEG ratio of 1.67 and a beta of 0.65. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average price is $42.73 and its 200 day moving average price is $45.04.

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, 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 during the quarter, compared to analyst estimates of $428.51 million. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company 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 8.5%. Gaming and Leisure Properties’s dividend payout ratio is currently 96.19%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.11% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $1,596,811,000. State Street Corp lifted its holdings in shares of Gaming and Leisure Properties by 2.3% in the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock valued at $600,144,000 after acquiring an additional 305,154 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after acquiring an additional 258,596 shares during the last quarter. Cohen & Steers Inc. purchased a new position in Gaming and Leisure Properties in the fourth quarter worth about $313,242,000. Finally, Jennison Associates LLC grew its position in Gaming and Leisure Properties by 21.7% in the first quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock worth $194,270,000 after acquiring an additional 781,198 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

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.