Gaming and Leisure Properties (NASDAQ:GLPI – Free Report) had its price target lowered by Royal Bank Of Canada from $54.00 to $52.00 in a research note published on Monday morning, MarketBeat reports. The firm currently has an outperform rating on the real estate investment trust’s stock.
Other analysts have also issued reports about the stock. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, June 18th. Morgan Stanley lifted their target price on shares of 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. Stifel Nicolaus cut their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Barclays reduced their price target on shares of 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 raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.20.
View Our Latest Stock Report on Gaming and Leisure Properties
Gaming and Leisure Properties Stock Performance
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business had revenue of $430.52 million during the quarter, compared to the consensus estimate of $428.51 million. During the same period in the prior year, the business posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue was up 9.0% compared to the same quarter last year. 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 will post 4.02 earnings per share for the current fiscal year.
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 issued a $0.82 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.5%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio is currently 96.19%.
Insider Activity at Gaming and Leisure Properties
In related news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.32, for a total transaction of $144,960.00. Following the transaction, the director directly owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.11% of the company’s stock.
Hedge Funds Weigh In On Gaming and Leisure Properties
Several institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC grew its stake in shares of Gaming and Leisure Properties by 11.7% in the fourth quarter. Sound Income Strategies LLC now owns 415,085 shares of the real estate investment trust’s stock worth $19,235,000 after acquiring an additional 43,501 shares during the last quarter. LDR Capital Management LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $2,392,000. Bayhunt Capital LLC bought a new stake in Gaming and Leisure Properties in the 4th quarter valued at $14,811,000. GSA Capital Partners LLP grew its position in Gaming and Leisure Properties by 233.4% in the 4th quarter. GSA Capital Partners LLP now owns 35,715 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 25,002 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 178.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 71,844 shares of the real estate investment trust’s stock worth $3,211,000 after purchasing an additional 46,005 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
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