Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Average Rating of “Hold” from Analysts

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has received an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $52.8542.

Several analysts recently commented on the company. Macquarie dropped their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Royal Bank Of Canada dropped their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Mizuho upped their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday. Stifel Nicolaus cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price for the company. in a report on Monday, July 21st. Finally, Wells Fargo & Company dropped their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.26% of the stock is currently owned by insiders.

Institutional Trading of Gaming and Leisure Properties

Several large investors have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $26,000. TD Private Client Wealth LLC lifted its stake in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $30,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 618 shares during the last quarter. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 0.7%

Shares of GLPI opened at $48.05 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.27. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 10.53 and a beta of 0.73. The stock has a 50 day moving average price of $47.18 and a 200 day moving average price of $47.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $397.27 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities research analysts forecast that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio is presently 120.93%.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.