Mizuho Issues Positive Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective boosted by equities research analysts at Mizuho from $50.00 to $53.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 9.59% from the stock’s previous close.

A number of other equities analysts have also weighed in on GLPI. Stifel Nicolaus set a $48.50 target price on Gaming and Leisure Properties in a research report on Thursday, February 12th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.41.

Gaming and Leisure Properties Stock Performance

GLPI stock opened at $48.36 on Wednesday. The stock’s 50 day simple moving average is $46.31 and its 200 day simple moving average is $45.62. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $51.44. The stock has a market capitalization of $13.70 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.18 and a beta of 0.64.

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

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total transaction of $189,480.00. Following the completion of the sale, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total transaction of $603,941.36. Following the completion of the transaction, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its stake in shares of Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 309 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Gaming and Leisure Properties in the third quarter worth $31,000. Finally, Bayforest Capital Ltd lifted its holdings in shares of Gaming and Leisure Properties by 412.1% in the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 544 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

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.