Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) PT at $52.32

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $52.3182.

Several research analysts have recently commented on the company. Scotiabank raised their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Barclays decreased their target price on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Mizuho boosted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th.

Gaming and Leisure Properties Trading Up 0.0%

NASDAQ GLPI opened at $43.95 on Friday. The firm’s 50-day moving average is $46.68 and its two-hundred day moving average is $45.46. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $51.44. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $12.45 billion, a P/E ratio of 15.10, a PEG ratio of 1.96 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $407.03 million during the quarter, compared to analysts’ expectations of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director directly owned 130,429 shares in the company, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the transaction, the chief financial officer directly owned 128,352 shares of the company’s stock, valued at $6,291,815.04. The trade was a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 69,042 shares of company stock valued at $3,203,844 in the last 90 days. Corporate insiders own 4.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in shares of Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $29,000. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 309 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in Gaming and Leisure Properties in the third quarter valued at $31,000. 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.