Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Rated “Hold” by Sell-Side Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.73.

Several research analysts recently issued reports on GLPI shares. Cantor Fitzgerald reduced their price target on shares of 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. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wells Fargo & Company reduced their target price on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Scotiabank decreased their price target on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Mizuho lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd.

Insider Activity at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.11% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently added to or reduced their stakes in the company. Lasalle Investment Management Securities LLC lifted its position in Gaming and Leisure Properties by 17.0% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock valued at $102,831,000 after purchasing an additional 334,933 shares during the period. Empowered Funds LLC acquired a new stake in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $1,219,000. Bank of America Corp DE acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $54,270,000. Squarepoint Ops LLC bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $5,736,000. Finally, New Age Alpha Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 178.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after buying an additional 46,005 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 0.7%

GLPI stock opened at $38.79 on Friday. The business has a fifty day moving average price of $42.60 and a 200 day moving average price of $45.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties has a fifty-two week low of $38.32 and a fifty-two week high of $49.95. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.61 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million for 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 was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts expect that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 96.19%.

Gaming and Leisure Properties Company Profile

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.