Royal Bank Of Canada Forecasts Strong Price Appreciation for Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target raised by stock analysts at Royal Bank Of Canada from $53.00 to $54.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 13.33% from the company’s previous close.

Several other research firms have also weighed in on GLPI. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Morgan Stanley upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Scotiabank lowered their target price on shares of Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $53.00 in a research report on Friday, December 12th. Finally, Stifel Nicolaus set a $48.50 price target on Gaming and Leisure Properties in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.95.

Gaming and Leisure Properties Stock Up 0.8%

Shares of GLPI traded up $0.40 during mid-day trading on Monday, hitting $47.65. 211,781 shares of the company’s stock were exchanged, compared to its average volume of 2,351,173. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 2.61 and a beta of 0.67. The firm has a fifty day moving average of $45.33 and a two-hundred day moving average of $45.42. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties has a twelve month low of $41.17 and a twelve month high of $52.24.

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

Insider Buying and Selling

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 36,864 shares of company stock valued at $1,650,906. Corporate insiders own 4.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Spire Wealth Management boosted its stake in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in Gaming and Leisure Properties by 89.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 309 shares during the last quarter. Quent Capital LLC bought a new stake in Gaming and Leisure Properties during the 3rd quarter worth about $31,000. Finally, International Assets Investment Management LLC acquired a new stake in Gaming and Leisure Properties in the 4th quarter valued at about $31,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.