Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Price Target at $52.89

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.8889.

GLPI has been the topic of several recent research reports. Barclays upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Mizuho upped their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research report on Friday, April 24th. Finally, Scotiabank upped their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $46.74 on Thursday. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. 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 $47.14 and a two-hundred day simple moving average of $46.12. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.05 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.Gaming and Leisure Properties’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, analysts predict that Gaming and Leisure Properties will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.82 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.28 annualized dividend and a yield of 7.0%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is currently 104.13%.

Insider Buying and Selling

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.11% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. True Wealth Design LLC increased its position in shares of Gaming and Leisure Properties by 238.3% in the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares in the last quarter. Finally, Essential Partners LLC increased its position in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares in the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

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.