Gaming and Leisure Properties (NASDAQ:GLPI) Given New $42.00 Price Target at Cantor Fitzgerald

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price reduced by equities researchers at Cantor Fitzgerald from $48.00 to $42.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 7.22% from the company’s previous close.

Several other analysts have also issued reports on GLPI. Raymond James Financial reissued an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Piper Sandler raised shares of Gaming and Leisure Properties to a “buy” rating in a report on Friday, October 2nd. Truist Financial dropped their target price on shares of Gaming and Leisure Properties from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Gaming and Leisure Properties in a report on Friday, October 2nd. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.23.

Gaming and Leisure Properties Trading Down 0.4%

Shares of Gaming and Leisure Properties stock opened at $39.17 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 5.38 and a current ratio of 5.38. The firm has a 50-day moving average of $39.73 and a 200-day moving average of $44.44. Gaming and Leisure Properties has a 52-week low of $37.33 and a 52-week high of $49.95. The stock has a market cap of $11.40 billion, a PE ratio of 11.98, a PEG ratio of 1.64 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). Gaming and Leisure Properties had a net margin of 55.71% and a return on equity of 18.16%. The business had revenue of $435.45 million during the quarter, compared to the consensus estimate of $436.30 million. During the same period in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Gaming and Leisure Properties will post 4.03 EPS for the current year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.11% of the stock is owned by insiders.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently bought and sold shares of GLPI. Pension & Wealth Management Advisors Inc. acquired a new position in Gaming and Leisure Properties during the 3rd quarter worth about $29,000. Mather Group LLC. raised its position in shares of Gaming and Leisure Properties by 54.2% during the third quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Gaming and Leisure Properties in the third quarter worth approximately $30,000. Richardson Financial Services Inc. acquired a new position in shares of Gaming and Leisure Properties in the third quarter worth approximately $31,000. Finally, Markowski Investments bought a new stake in Gaming and Leisure Properties in the second quarter valued at approximately $35,000. 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 that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.