Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat.com reports. They presently have a $46.00 target price on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 19.28% from the stock’s previous close.
Several other research analysts have also commented on the company. Stifel Nicolaus cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Royal Bank Of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Mizuho dropped their target price on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, September 2nd. Finally, Cantor Fitzgerald dropped their target price on 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. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Hold” and an average target price of $47.73.
Read Our Latest Research Report on Gaming and Leisure Properties
Gaming and Leisure Properties Price Performance
Gaming and Leisure Properties (NASDAQ:GLPI – Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.17% and a net margin of 59.01%.The company had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Gaming and Leisure Properties’s revenue 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. As a group, research analysts forecast that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Earl C. Shanks acquired 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price 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. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.11% of the company’s stock.
Institutional Trading of Gaming and Leisure Properties
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Gaming and Leisure Properties in the second quarter valued at approximately $1,596,811,000. State Street Corp lifted its position in Gaming and Leisure Properties by 2.3% in the second quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock valued at $600,144,000 after purchasing an additional 305,154 shares during the last quarter. Geode Capital Management LLC lifted its position in Gaming and Leisure Properties by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock valued at $342,677,000 after purchasing an additional 258,596 shares during the last quarter. Cohen & Steers Inc. bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at approximately $313,242,000. Finally, Jennison Associates LLC lifted its position in Gaming and Leisure Properties by 21.7% in the first quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock valued at $194,270,000 after purchasing an additional 781,198 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.
Gaming and Leisure Properties Company Profile
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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