Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Cut to $52.00 by Analysts at Barclays

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by Barclays from $53.00 to $52.00 in a research report sent to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on GLPI. Mizuho increased their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday. Royal Bank Of Canada increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Finally, Morgan Stanley boosted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.32.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $47.58 on Friday. The firm’s fifty day simple moving average is $46.51 and its two-hundred day simple moving average is $45.65. The firm has a market capitalization of $13.48 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.15 and a beta of 0.64. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm had revenue of $407.03 million during the quarter, compared to analyst estimates of $406.02 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Analysts forecast that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.6%. Gaming and Leisure Properties’s dividend payout ratio is currently 107.22%.

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Steven Ladany sold 18,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares of the company’s stock, valued at $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the sale, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at $12,390,845.70. This trade represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently bought and sold shares of GLPI. Vanguard Group Inc. increased its stake in shares of Gaming and Leisure Properties by 2.4% in the third quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after acquiring an additional 899,273 shares during the period. Dodge & Cox lifted its position in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares during the period. State Street Corp boosted its holdings in Gaming and Leisure Properties by 1.2% in the fourth quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock valued at $576,193,000 after purchasing an additional 147,683 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Gaming and Leisure Properties by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock valued at $518,048,000 after purchasing an additional 198,582 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Gaming and Leisure Properties by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after purchasing an additional 525,317 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.