Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $38.16 and last traded at $38.6320, with a volume of 79672 shares trading hands. The stock had previously closed at $38.63.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GLPI. Raymond James Financial restated 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. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 24th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Cantor Fitzgerald reduced their price target on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, UBS Group set a $49.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus price target of $47.73.
Read Our Latest Analysis on GLPI
Gaming and Leisure Properties Price Performance
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting 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 company had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the firm posted $0.96 EPS. 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. Sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current year.
Gaming and Leisure Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio is 96.19%.
Insider Buying and Selling at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares of the company’s stock, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.11% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of GLPI. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $30,000. Markowski Investments acquired a new stake in shares of Gaming and Leisure Properties in the second quarter valued at approximately $35,000. Parkside Financial Bank & Trust increased its holdings in shares of Gaming and Leisure Properties by 115.2% in the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 425 shares during the last quarter. Essential Partners LLC lifted its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in Gaming and Leisure Properties during the first quarter worth approximately $40,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
About Gaming and Leisure Properties
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.
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