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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $52.3182.

A number of brokerages recently commented on GLPI. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Barclays cut their target price on shares of Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Morgan Stanley upped their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Finally, Stifel Nicolaus set a $48.50 price objective on Gaming and Leisure Properties in a report on Thursday, February 12th.

Insider Transactions at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the transaction, the chief financial officer owned 128,352 shares in the company, valued at approximately $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Steven Ladany sold 13,409 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $45.04, for a total value of $603,941.36. Following the completion of the transaction, the senior vice president owned 57,886 shares in the company, valued at $2,607,185.44. This represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,042 shares of company stock valued at $3,203,844 over the last 90 days. Company insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Several large investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth $313,242,000. Barclays PLC lifted its stake in shares of Gaming and Leisure Properties by 1,525.0% in the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after purchasing an additional 3,785,669 shares during the last quarter. Norges Bank bought a new stake in Gaming and Leisure Properties in the fourth quarter worth $167,743,000. Balyasny Asset Management L.P. bought a new stake in Gaming and Leisure Properties in the second quarter worth $124,785,000. Finally, Goldman Sachs Group Inc. increased its position in Gaming and Leisure Properties by 629.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,483,123 shares of the real estate investment trust’s stock worth $110,971,000 after buying an additional 2,142,511 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Trading Down 2.2%

Shares of NASDAQ GLPI opened at $43.93 on Friday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $51.44. The business has a 50-day moving average price of $46.73 and a two-hundred day moving average price of $45.53. The firm has a market capitalization of $12.44 billion, a PE ratio of 15.10, a PEG ratio of 2.00 and a beta of 0.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $407.03 million for the quarter, compared to the consensus estimate of $406.02 million. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. As a group, analysts predict that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

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.