Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Has Average Target Price of $47.83

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $47.83.

GLPI has been the topic of several research reports. Morgan Stanley reduced their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, September 17th. Cantor Fitzgerald decreased their price objective on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Scotiabank lowered their target price on Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. Barclays lowered their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. downgraded Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 target price for the company. in a research report on Thursday, September 24th.

Gaming and Leisure Properties Price Performance

GLPI opened at $39.28 on Wednesday. Gaming and Leisure Properties has a one year low of $37.33 and a one year high of $49.95. 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’s 50 day simple moving average is $40.66 and its 200-day simple moving average is $44.09. The stock has a market capitalization of $11.43 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65.

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

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.82 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.4%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 96.19%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $30,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $29,000. Markowski Investments acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $35,000. Parkside Financial Bank & Trust grew its position in shares of Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 425 shares during the period. Finally, Mather Group LLC. raised its stake 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 buying an additional 281 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

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 generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI’s portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.