Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $51.8864.

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Cantor Fitzgerald cut their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, UBS Group reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th.

Gaming and Leisure Properties Trading Up 2.9%

Shares of Gaming and Leisure Properties stock opened at $46.34 on Monday. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a fifty day simple moving average of $44.11 and a 200-day simple moving average of $45.65. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.56 and a beta of 0.67. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 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 $397.61 million for the quarter, compared to analyst estimates of $399.66 million. During the same period last year, the business earned $0.95 EPS. Gaming and Leisure Properties’s revenue for the quarter 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, equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Insiders Place Their Bets

In related news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the transaction, the senior vice president owned 65,099 shares in the company, valued at $2,914,482.23. The trade was a 21.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director directly owned 129,953 shares of the company’s stock, valued at $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 40,864 shares of company stock worth $1,832,866. 4.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 88.7% during the fourth quarter. Perigon Wealth Management LLC now owns 9,127 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 4,291 shares during the period. Aberdeen Group plc raised its position in Gaming and Leisure Properties by 14.2% during the 4th quarter. Aberdeen Group plc now owns 513,080 shares of the real estate investment trust’s stock worth $22,930,000 after buying an additional 63,812 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Gaming and Leisure Properties during the 4th quarter worth $212,000. Signature Wealth Management Group lifted its stake in shares of Gaming and Leisure Properties by 1.9% in the 4th quarter. Signature Wealth Management Group now owns 87,697 shares of the real estate investment trust’s stock worth $3,919,000 after acquiring an additional 1,616 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Gaming and Leisure Properties by 252.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 165,974 shares of the real estate investment trust’s stock valued at $7,417,000 after acquiring an additional 118,885 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

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.