Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $51.8864.

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $47.75 price target on Gaming and Leisure Properties in a research note on Monday, December 15th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley increased their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $53.00 in a research note on Friday, December 12th.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the sale, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steven Ladany sold 13,409 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total transaction of $603,941.36. Following the completion of the transaction, the senior vice president directly owned 57,886 shares of the company’s stock, valued at $2,607,185.44. The trade was a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 40,864 shares of company stock worth $1,832,866. Corporate insiders own 4.26% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of institutional investors have recently modified their holdings of GLPI. Spire Wealth Management grew its stake in Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 238 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $30,000. REAP Financial Group LLC grew its position in shares of Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 264 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 309 shares during the period. Finally, Quent Capital LLC acquired a new position in Gaming and Leisure Properties in the third quarter valued at $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $44.52 on Monday. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The business’s 50 day simple moving average is $44.06 and its 200-day simple moving average is $45.71. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The firm had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.Gaming and Leisure Properties’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts forecast that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s payout ratio is 113.04%.

About Gaming and Leisure Properties

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.