Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Has Consensus Target Price of $47.83 According to Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.83.

Several research analysts have recently commented on GLPI shares. Barclays decreased their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Thursday, September 24th. Wells Fargo & Company reduced their price objective on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Cantor Fitzgerald lowered their target price on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Finally, Stifel Nicolaus cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 31st.

Insider Transactions at Gaming and Leisure Properties

In related news, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lasalle Investment Management Securities LLC grew its holdings in Gaming and Leisure Properties by 17.0% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock worth $102,831,000 after acquiring an additional 334,933 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth $54,270,000. Squarepoint Ops LLC bought a new stake in Gaming and Leisure Properties during the second quarter valued at about $5,736,000. State Street Corp grew its position in shares of Gaming and Leisure Properties by 2.3% in the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock worth $600,144,000 after buying an additional 305,154 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Gaming and Leisure Properties during the second quarter valued at approximately $41,756,000. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Trading Up 0.5%

NASDAQ:GLPI opened at $39.28 on Wednesday. The company has a market cap of $11.43 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.63 and a beta of 0.65. 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 company has a 50 day simple moving average of $40.66 and a two-hundred day simple moving average of $44.09. Gaming and Leisure Properties has a 12 month low of $37.33 and a 12 month high of $49.95.

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

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is currently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.