Gaming and Leisure Properties (NASDAQ:GLPI) Given New $43.00 Price Target at Scotiabank

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by analysts at Scotiabank from $49.00 to $43.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 9.55% from the stock’s previous close.

GLPI has been the topic of several other reports. UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a research report on Thursday, June 18th. Stifel Nicolaus dropped their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Mizuho decreased their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, September 2nd. Morgan Stanley cut their target price on shares of Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, September 17th. Finally, Royal Bank Of Canada lowered their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.18.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $39.25 on Thursday. The firm’s 50-day simple moving average is $42.86 and its 200 day simple moving average is $45.11. The firm has a market capitalization of $11.42 billion, a PE ratio of 11.51, a P/E/G ratio of 1.67 and a beta of 0.65. Gaming and Leisure Properties has a 52 week low of $39.21 and a 52 week high of $49.95. 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 posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities research analysts predict that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insider Activity at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLPI. SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $30,000. Markowski Investments acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $35,000. Parkside Financial Bank & Trust boosted its holdings in Gaming and Leisure Properties by 115.2% in the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 425 shares in the last quarter. Essential Partners LLC increased its position 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 buying an additional 240 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in Gaming and Leisure Properties during the first quarter worth $40,000. 91.14% of the stock is 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 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.