Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Target Cut by Cantor Fitzgerald

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective decreased by equities research analysts at Cantor Fitzgerald from $48.00 to $42.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 7.22% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada decreased their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. Wells Fargo & Company cut their target price on shares of Gaming and Leisure Properties from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. JPMorgan Chase & Co. cut shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research report on Thursday, September 24th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.23.

Gaming and Leisure Properties Trading Down 0.4%

Shares of GLPI stock opened at $39.17 on Wednesday. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.64 and a beta of 0.64. The firm has a fifty day moving average of $39.73 and a 200-day moving average of $44.44. Gaming and Leisure Properties has a 52-week low of $37.33 and a 52-week high of $49.95. The company has a debt-to-equity ratio of 1.52, a quick ratio of 5.38 and a current ratio of 5.38.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The company had revenue of $435.45 million for the quarter, compared to analyst estimates of $436.30 million. Gaming and Leisure Properties had a net margin of 55.71% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, equities research analysts forecast that Gaming and Leisure Properties will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $29,000. Mather Group LLC. boosted its stake in shares of Gaming and Leisure Properties by 54.2% during the 3rd quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 281 shares during the period. Root Financial Partners LLC bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $30,000. Richardson Financial Services Inc. acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $31,000. Finally, Markowski Investments acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $35,000. 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 that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.