Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.50.
A number of analysts have recently commented on GLPI shares. Mizuho boosted their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Scotiabank upped their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Barclays upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st.
Check Out Our Latest Research Report on Gaming and Leisure Properties
Gaming and Leisure Properties Stock Performance
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Equities research analysts anticipate that Gaming and Leisure Properties will post 4 earnings per share for the current fiscal year.
Insider Activity at Gaming and Leisure Properties
In related news, COO Brandon John Moore sold 16,884 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer directly owned 128,352 shares in the company, valued at $6,291,815.04. This trade represents a 7.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,178 shares of company stock valued at $1,552,938. 4.11% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Gaming and Leisure Properties
Several hedge funds and other institutional investors have recently modified their holdings of the company. Edgestream Partners L.P. lifted its holdings in shares of Gaming and Leisure Properties by 11.4% during the 1st quarter. Edgestream Partners L.P. now owns 153,596 shares of the real estate investment trust’s stock valued at $6,815,000 after buying an additional 15,756 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2.6% during the 1st quarter. Sunbelt Securities Inc. now owns 55,796 shares of the real estate investment trust’s stock valued at $2,476,000 after buying an additional 1,430 shares during the period. Amundi increased its stake in shares of Gaming and Leisure Properties by 12.1% in the 1st quarter. Amundi now owns 700,235 shares of the real estate investment trust’s stock worth $31,069,000 after purchasing an additional 75,762 shares in the last quarter. Parvin Asset Management LLC increased its stake in shares of Gaming and Leisure Properties by 55.1% in the 1st quarter. Parvin Asset Management LLC now owns 3,450 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Gaming and Leisure Properties by 4.1% in the 1st quarter. Royal Bank of Canada now owns 277,179 shares of the real estate investment trust’s stock worth $12,298,000 after purchasing an additional 10,805 shares in the last quarter. 91.14% of the stock is owned by 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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