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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $52.8889.

GLPI has been the topic of several recent analyst reports. Barclays lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank lifted their target price on Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada lifted their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Mizuho lifted their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently modified their holdings of GLPI. First Trust Advisors LP raised its stake in shares of Gaming and Leisure Properties by 78.7% in the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock worth $13,255,000 after buying an additional 125,098 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Gaming and Leisure Properties by 18.6% in the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,608 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Gaming and Leisure Properties by 16.6% in the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 2,646 shares in the last quarter. AXA S.A. raised its stake in shares of Gaming and Leisure Properties by 478.5% in the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after buying an additional 32,708 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Gaming and Leisure Properties by 276.2% in the 2nd quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 51,731 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 1.2%

Shares of Gaming and Leisure Properties stock opened at $48.41 on Thursday. The business’s fifty day moving average price is $46.96 and its two-hundred day moving average price is $46.03. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.29 and a quick ratio of 6.29. The company has a market capitalization of $13.72 billion, a P/E ratio of 15.37, a PEG ratio of 2.07 and a beta of 0.66. Gaming and Leisure Properties has a 1-year low of $41.17 and a 1-year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, research analysts forecast that Gaming and Leisure Properties will post 4 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.8%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 99.05%.

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.