Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $52.00 Consensus Price Target from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $52.20.

A number of research analysts have issued reports on the stock. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 30th. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Barclays increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank lowered their price objective on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th.

Gaming and Leisure Properties Trading Up 0.3%

GLPI traded up $0.14 during midday trading on Monday, reaching $43.18. 3,903,652 shares of the company’s stock traded hands, compared to its average volume of 2,568,148. The firm has a fifty day moving average of $46.28 and a two-hundred day moving average of $46.25. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to analyst estimates of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, equities analysts anticipate that Gaming and Leisure Properties will post 4.01 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Friday, June 12th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 104.13%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director directly owned 127,429 shares of the company’s stock, valued at $6,157,369.28. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLPI. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter worth about $29,000. SHP Wealth Management purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $30,000. International Assets Investment Management LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at about $31,000. True Wealth Design LLC lifted its position in Gaming and Leisure Properties by 238.3% during the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 610 shares during the period. Finally, Essential Partners LLC boosted its stake in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors 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.