Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $52.94 Average Price Target from Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.6538.

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Barclays raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $54.00 in a report on Monday, October 20th. Royal Bank Of Canada dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Stifel Nicolaus cut their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday. Finally, Cantor Fitzgerald assumed coverage on Gaming and Leisure Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 price target on the stock.

Gaming and Leisure Properties Stock Up 4.5%

Gaming and Leisure Properties stock opened at $44.66 on Wednesday. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 9.30 and a beta of 0.74. The stock has a fifty day simple moving average of $46.34 and a two-hundred day simple moving average of $46.79. Gaming and Leisure Properties has a 12 month low of $42.26 and a 12 month high of $52.27. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.54% and a net margin of 49.54%.The firm had revenue of $397.60 million for the quarter, compared to the consensus estimate of $399.66 million. During the same period in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 7.0%. Gaming and Leisure Properties’s dividend payout ratio is currently 120.93%.

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC grew its position in Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 213 shares during the period. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at $28,000. Spire Wealth Management grew its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth $30,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.