Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 12-Month Low After Analyst Downgrade

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) reached a new 52-week low during trading on Thursday after Scotiabank lowered their price target on the stock from $50.00 to $49.00. Scotiabank currently has a sector perform rating on the stock. Gaming and Leisure Properties traded as low as $39.92 and last traded at $39.9060, with a volume of 340369 shares traded. The stock had previously closed at $40.35.

Other equities research analysts have also recently issued research reports about the stock. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, June 30th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $48.73.

Insider Transactions at Gaming and Leisure Properties

In related news, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors have recently bought and sold shares of the business. Essential Partners LLC raised its holdings in shares of Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 240 shares during the period. Arizona State Retirement System grew its position in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 77,143 shares of the real estate investment trust’s stock valued at $3,435,000 after buying an additional 243 shares during the last quarter. Gabelli Funds LLC raised its stake in Gaming and Leisure Properties by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust’s stock worth $2,895,000 after acquiring an additional 250 shares during the period. Pure Financial Advisors LLC boosted its stake in Gaming and Leisure Properties by 2.9% in the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 255 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Gaming and Leisure Properties by 5.4% during the fourth quarter. Pinnacle Associates Ltd. now owns 5,251 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The company has a fifty day moving average price of $43.25 and a 200 day moving average price of $45.46. The company has a market capitalization of $11.67 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.70 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.2%. Gaming and Leisure Properties’s payout ratio is 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.