Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $50.50 Average Target Price from Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given an average recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $50.20.

A number of equities research analysts recently issued reports on the company. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a research note on Thursday, June 18th. JPMorgan Chase & Co. reduced their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company dropped their price objective on Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley boosted their target price on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $43.86 on Friday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $45.17 and its 200 day moving average price is $46.23. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $49.95. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.83 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, research analysts forecast that Gaming and Leisure Properties will post 4.03 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. Investors of record on Friday, June 12th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 7.5%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 96.19%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’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 completion of the transaction, 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 SEC, which is accessible through this link. Company insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in Gaming and Leisure Properties by 78.7% in the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after buying an additional 125,098 shares during the period. Cerity Partners LLC grew its holdings in Gaming and Leisure Properties by 18.6% in the second quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 1,608 shares during the period. Bank of Nova Scotia increased its position in Gaming and Leisure Properties by 16.6% during the second quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 2,646 shares during the last quarter. AXA S.A. increased its position in Gaming and Leisure Properties by 478.5% during the second quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Gaming and Leisure Properties by 276.2% during the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 51,731 shares during the period. 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.