Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Cut to $51.00 by Analysts at JPMorgan Chase & Co.

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $53.00 to $51.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 13.61% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Weiss Ratings cut Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Mizuho raised their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Scotiabank cut their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

Gaming and Leisure Properties Trading Down 2.2%

Shares of NASDAQ GLPI traded down $1.02 during mid-day trading on Tuesday, hitting $44.89. The stock had a trading volume of 498,763 shares, compared to its average volume of 2,245,725. The firm has a market cap of $12.72 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66. Gaming and Leisure Properties has a 1 year low of $41.17 and a 1 year high of $49.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The business has a 50 day moving average price of $46.93 and a two-hundred day moving average price of $46.28.

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

Insider Transactions at Gaming and Leisure Properties

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

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $29,000. SHP Wealth Management purchased a new position in Gaming and Leisure Properties during the fourth quarter valued at $30,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties in the 4th quarter worth $31,000. True Wealth Design LLC boosted its stake in Gaming and Leisure Properties by 238.3% during 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 during the last quarter. Finally, Essential Partners LLC increased its stake in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other institutional investors 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.