Cantor Fitzgerald Cuts Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $48.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by analysts at Cantor Fitzgerald from $52.00 to $48.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 8.74% from the stock’s previous close.

Several other research firms have also issued reports on GLPI. Morgan Stanley raised their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Stifel Nicolaus reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, Scotiabank reduced their price objective on Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.10.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.14 on Monday. The business has a 50 day moving average price of $45.11 and a 200 day moving average price of $46.21. Gaming and Leisure Properties has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.85 and a beta of 0.66. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

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

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GLPI. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $29,000. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $30,000. International Assets Investment Management LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $31,000. Essential Partners LLC lifted its position in shares of Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares during the period. Finally, Blue Trust Inc. acquired a new stake in Gaming and Leisure Properties in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Gaming and Leisure Properties

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.