Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $49.91 Consensus Target Price from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $49.9091.

GLPI has been the subject of a number of analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Weiss Ratings downgraded Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Stifel Nicolaus lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 31st. Barclays dropped their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Scotiabank lifted their price objective on Gaming and Leisure Properties from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th.

Check Out Our Latest Research Report on GLPI

Insiders Place Their Bets

In related news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired 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 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. Also, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Gaming and Leisure Properties in the second quarter worth about $1,596,811,000. California State Teachers Retirement System grew its holdings in shares of Gaming and Leisure Properties by 2,755.7% during the 2nd quarter. California State Teachers Retirement System now owns 18,121,617 shares of the real estate investment trust’s stock worth $806,956,000 after acquiring an additional 17,487,046 shares during the period. Cohen & Steers Inc. bought a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $313,242,000. Norges Bank bought a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $167,743,000. Finally, Deutsche Bank AG purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $151,300,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $42.31 on Tuesday. The firm has a market cap of $12.31 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.66. Gaming and Leisure Properties has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The business has a 50 day moving average price of $44.07 and a 200-day moving average price of $46.00.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same period in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

About Gaming and Leisure Properties

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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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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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