Gaming and Leisure Properties (NASDAQ:GLPI) Issues Earnings Results, Hits Estimates

Gaming and Leisure Properties (NASDAQ:GLPI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80, FiscalAI reports. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%. Gaming and Leisure Properties updated its FY 2026 guidance to 4.100-4.120 EPS.

Gaming and Leisure Properties Trading Down 2.8%

Shares of Gaming and Leisure Properties stock traded down $1.30 during midday trading on Thursday, reaching $44.71. 2,977,655 shares of the company’s stock traded hands, compared to its average volume of 2,319,307. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The company has a market cap of $12.67 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.66. The stock has a 50 day moving average of $45.57 and a 200-day moving average of $46.27. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 7.3%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, June 12th. Gaming and Leisure Properties’s payout ratio is presently 104.13%.

Analyst Ratings Changes

GLPI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Barclays decreased their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target 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. Finally, Morgan Stanley raised their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Hold” and an average target price of $50.50.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares in the company, valued at $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of large investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its position in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock valued at $1,273,000 after buying an additional 245 shares during the period. Norinchukin Bank The grew its holdings in shares of Gaming and Leisure Properties by 2.2% during the 3rd quarter. Norinchukin Bank The now owns 13,508 shares of the real estate investment trust’s stock worth $630,000 after acquiring an additional 294 shares during the period. Principal Securities Inc. raised its position in shares of Gaming and Leisure Properties by 5.9% in the 4th quarter. Principal Securities Inc. now owns 5,343 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 298 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Gaming and Leisure Properties by 0.4% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 85,715 shares of the real estate investment trust’s stock worth $3,831,000 after acquiring an additional 383 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Gaming and Leisure Properties by 13.1% in the 4th quarter. Parallel Advisors LLC now owns 4,183 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 486 shares during the period. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.