Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $51.89 Average Target Price from Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $51.8864.

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley boosted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Finally, Stifel Nicolaus set a $47.75 target price on shares of Gaming and Leisure Properties in a research note on Monday, December 15th.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 13,409 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the sale, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the sale, the director directly owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 40,864 shares of company stock worth $1,832,866. 4.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the business. Spire Wealth Management increased its holdings in shares of 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 valued at $29,000 after purchasing an additional 238 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth about $30,000. REAP Financial Group LLC boosted its holdings in shares of Gaming and Leisure Properties by 66.0% during the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 264 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Gaming and Leisure Properties by 89.3% in the 3rd 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 bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at about $31,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.8%

NASDAQ:GLPI opened at $45.86 on Monday. The company has a market cap of $12.98 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.67. Gaming and Leisure Properties has a twelve month low of $41.17 and a twelve month high of $52.24. The business has a 50 day moving average price of $44.06 and a two-hundred day moving average price of $45.69. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, analysts expect that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 6.8%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

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.