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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $52.50.

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of 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. Royal Bank Of Canada boosted their target price on shares of 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 boosted their target price on shares of 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. Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Finally, Scotiabank boosted their target price on shares of 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.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $47.78 on Friday. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a 50 day simple moving average of $46.73 and a two-hundred day simple moving average of $45.77. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.07 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The business had revenue of $419.99 million during the quarter, compared to analysts’ expectations of $417.15 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue 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. As a group, analysts predict that Gaming and Leisure Properties will post 4 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.82 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.28 annualized dividend and a dividend yield of 6.9%. This is an increase 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%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares in the company, valued at $6,178,421.73. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.02, for a total transaction of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares of the company’s stock, valued at approximately $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,802 shares of company stock worth $1,486,821 in the last three months. Company insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Gaming and Leisure Properties by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 37,905,759 shares of the real estate investment trust’s stock worth $1,766,787,000 after acquiring an additional 899,273 shares in the last quarter. State Street Corp increased its holdings in Gaming and Leisure Properties by 1.2% in the 4th quarter. State Street Corp now owns 12,893,098 shares of the real estate investment trust’s stock worth $576,193,000 after acquiring an additional 147,683 shares in the last quarter. Wellington Management Group LLP increased its holdings in Gaming and Leisure Properties by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 11,592,034 shares of the real estate investment trust’s stock worth $518,048,000 after acquiring an additional 198,582 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Gaming and Leisure Properties by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 7,764,876 shares of the real estate investment trust’s stock worth $347,012,000 after acquiring an additional 525,317 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Gaming and Leisure Properties by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after acquiring an additional 258,596 shares in the last quarter. Hedge funds and other 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 (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.