Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 12-Month Low – What’s Next?

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $41.09 and last traded at $41.1550, with a volume of 610050 shares trading hands. The stock had previously closed at $41.50.

Wall Street Analyst Weigh In

GLPI has been the topic of several research reports. UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Barclays lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley raised their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada reduced their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $49.27.

Gaming and Leisure Properties Trading Down 1.8%

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 firm has a 50-day moving average of $43.42 and a 200 day moving average of $45.63. The company has a market cap of $11.71 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS 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 business had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same period last year, the company posted $0.96 earnings per share. The business’s quarterly revenue 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, analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.2%. Gaming and Leisure Properties’s payout ratio is 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price 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 in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust’s stock worth $2,830,000 after acquiring an additional 237 shares in the last quarter. Essential Partners LLC raised its stake 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 purchasing an additional 240 shares during the period. Arizona State Retirement System lifted its holdings in Gaming and Leisure Properties by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 77,143 shares of the real estate investment trust’s stock worth $3,435,000 after purchasing an additional 243 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after purchasing an additional 245 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in Gaming and Leisure Properties by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock worth $2,895,000 after purchasing an additional 250 shares during the period. 91.14% of the stock is currently owned by 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.