Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Cut to $49.00 by Analysts at Scotiabank

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target reduced by analysts at Scotiabank from $50.00 to $49.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 22.46% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Raymond James Financial reiterated an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Barclays lowered their price target on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.73.

Gaming and Leisure Properties Price Performance

GLPI stock traded down $0.34 during mid-day trading on Thursday, hitting $40.01. The company had a trading volume of 547,972 shares, compared to its average volume of 2,554,640. The company has a 50-day moving average price of $43.25 and a 200 day moving average price of $45.46. Gaming and Leisure Properties has a 12-month low of $39.90 and a 12-month high of $49.95. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.65. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

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 for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, research analysts anticipate that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the transaction, the director directly owned 107,259 shares of the company’s stock, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 4.11% of the stock is owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

A number of large investors have recently made changes to their positions in GLPI. SHP Wealth Management bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $30,000. Markowski Investments bought a new stake in Gaming and Leisure Properties during the 2nd quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its holdings in Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 425 shares in the last quarter. Essential Partners LLC boosted its position in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Gaming and Leisure Properties in the 1st quarter valued at about $40,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.