Scotiabank Has Lowered Expectations for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective dropped by equities research analysts at Scotiabank from $52.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 8.67% from the company’s current price.

Several other equities research analysts also recently issued reports on GLPI. Barclays increased their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $50.00 target price on Gaming and Leisure Properties in a report on Friday, April 24th. Royal Bank Of Canada increased their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Finally, Mizuho upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.56.

Gaming and Leisure Properties Stock Down 0.4%

NASDAQ:GLPI traded down $0.17 on Thursday, hitting $45.09. The stock had a trading volume of 469,780 shares, compared to its average volume of 2,220,043. Gaming and Leisure Properties has a 1 year low of $41.17 and a 1 year high of $49.95. The firm’s fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $46.16. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a market cap of $12.78 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Analysts predict that Gaming and Leisure Properties will post 4 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $29,000. SHP Wealth Management bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties in the fourth quarter worth $31,000. True Wealth Design LLC raised its holdings in Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 610 shares in the last quarter. Finally, Essential Partners LLC boosted its holdings in shares of Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other 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.