Gaming and Leisure Properties (NASDAQ:GLPI) Reaches New 1-Year Low – Here’s What Happened

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)’s share price reached a new 52-week low on Thursday . The company traded as low as $41.09 and last traded at $41.1550, with a volume of 610050 shares. The stock had previously closed at $41.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLPI. Wells Fargo & Company cut their price target on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Cantor Fitzgerald cut their target price on Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Scotiabank increased their price target on shares of Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.27.

Gaming and Leisure Properties Stock Performance

The business has a 50-day moving average price of $43.56 and a 200-day moving average price of $45.72. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.74 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The firm had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter last year, the firm earned $0.96 EPS. The business’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. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.0%. Gaming and Leisure Properties’s payout ratio is presently 96.19%.

Insider Activity

In related news, Director Earl C. Shanks acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the acquisition, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GLPI. BlackRock Inc. purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth about $1,596,811,000. California State Teachers Retirement System boosted its position in Gaming and Leisure Properties by 2,755.7% in the second quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock valued at $806,956,000 after buying an additional 17,487,046 shares during the last quarter. Cohen & Steers Inc. purchased a new stake in Gaming and Leisure Properties in the fourth quarter valued at approximately $313,242,000. Norges Bank acquired a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $167,743,000. Finally, Deutsche Bank AG acquired a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $151,300,000. Hedge funds and other 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 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.