Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.9545.

A number of brokerages have recently commented on GLPI. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Barclays increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. Mizuho set a $50.00 price objective on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Morgan Stanley raised their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th.

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the sale, the director directly owned 130,429 shares in the company, valued at $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,042 shares of company stock worth $3,203,844 in the last 90 days. Corporate insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in shares of Gaming and Leisure Properties by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 41,735 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 1,621 shares in the last quarter. Assetmark Inc. increased its position in shares of Gaming and Leisure Properties by 2,423.7% during the second quarter. Assetmark Inc. now owns 24,959 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 23,970 shares in the last quarter. State of Michigan Retirement System raised its holdings in Gaming and Leisure Properties by 7.6% in the 2nd quarter. State of Michigan Retirement System now owns 70,700 shares of the real estate investment trust’s stock worth $3,300,000 after acquiring an additional 5,000 shares during the last quarter. Bank of Montreal Can raised its holdings in Gaming and Leisure Properties by 95.5% in the 2nd quarter. Bank of Montreal Can now owns 269,712 shares of the real estate investment trust’s stock worth $12,590,000 after acquiring an additional 131,756 shares during the last quarter. Finally, Machina Capital S.A.S. lifted its position in Gaming and Leisure Properties by 83.6% in the 2nd quarter. Machina Capital S.A.S. now owns 27,883 shares of the real estate investment trust’s stock valued at $1,302,000 after acquiring an additional 12,696 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Up 0.1%

Shares of NASDAQ:GLPI opened at $48.95 on Tuesday. The firm has a market capitalization of $13.86 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a 50 day moving average price of $46.25 and a 200-day moving average price of $45.62. Gaming and Leisure Properties has a 52-week low of $41.17 and a 52-week high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, equities research analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.12 annualized dividend and a dividend yield of 6.4%. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

About Gaming and Leisure Properties

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.