Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Raised to $50.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target boosted by research analysts at Scotiabank from $49.00 to $50.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 15.22% from the stock’s current price.

Several other analysts also recently weighed in on the company. Wells Fargo & Company decreased their target price on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Royal Bank Of Canada dropped their price target 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. Cantor Fitzgerald dropped their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Finally, Barclays reduced 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 report on Wednesday, July 22nd. Six equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.20.

Gaming and Leisure Properties Stock Performance

GLPI traded up $0.29 during trading on Thursday, hitting $43.40. The stock had a trading volume of 663,826 shares, compared to its average volume of 2,306,183. The firm has a market cap of $12.62 billion, a PE ratio of 12.71, a P/E/G ratio of 1.78 and a beta of 0.66. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a 50 day simple moving average of $44.90 and a 200-day simple moving average of $46.16.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts expect that Gaming and Leisure Properties will post 4.03 EPS for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the 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 owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.11% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter valued at approximately $1,219,000. GSA Capital Partners LLP lifted its position in shares of Gaming and Leisure Properties by 233.4% during the 4th quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock worth $1,596,000 after buying an additional 25,002 shares during the period. New Age Alpha Advisors LLC boosted its stake in Gaming and Leisure Properties by 178.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock valued at $3,211,000 after buying an additional 46,005 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Gaming and Leisure Properties by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,592 shares of the real estate investment trust’s stock valued at $22,147,000 after buying an additional 46,497 shares in the last quarter. Finally, Norges Bank bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at $167,743,000. 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 (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.