Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Lowered to $49.00 at Cantor Fitzgerald

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective cut by Cantor Fitzgerald from $51.00 to $49.00 in a report released on Thursday, MarketBeat.com reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research firms also recently commented on GLPI. Macquarie decreased their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Stifel Nicolaus decreased their price target on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Mizuho lifted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Royal Bank Of Canada decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Hold” and an average target price of $52.50.

Gaming and Leisure Properties Trading Up 1.7%

Shares of NASDAQ:GLPI traded up $0.77 during mid-day trading on Thursday, reaching $44.95. 1,809,382 shares of the company’s stock were exchanged, compared to its average volume of 2,203,693. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties has a twelve month low of $42.26 and a twelve month high of $52.27. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 9.59 and a beta of 0.74. The business’s fifty day moving average price is $46.05 and its 200-day moving average price is $46.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.60 million during the quarter, compared to analyst estimates of $399.66 million. During the same quarter last year, the business earned $0.95 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. On average, research analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the sale, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.26% of the stock is owned by insiders.

Institutional Trading of Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in GLPI. TD Private Client Wealth LLC grew its position in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Private Trust Co. NA bought a new position in Gaming and Leisure Properties during the first quarter valued at $28,000. Spire Wealth Management increased its position in 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 buying an additional 238 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Gaming and Leisure Properties in the second quarter worth $30,000. Finally, REAP Financial Group LLC raised its stake in shares of Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.