Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Target Cut by Wells Fargo & Company

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price dropped by equities research analysts at Wells Fargo & Company from $43.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 3.48% from the stock’s previous close.

A number of other equities research analysts have also issued reports on GLPI. Citizens Jmp decreased their price target on Gaming and Leisure Properties from $55.00 to $49.00 and set a “market outperform” rating for the company in a research note on Friday, October 2nd. Citigroup reissued a “market outperform” rating on shares of Gaming and Leisure Properties in a research report on Friday, October 2nd. Stifel Nicolaus reduced their price target on shares of 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. Barclays lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.58.

Gaming and Leisure Properties Trading Down 1.6%

GLPI traded down $0.62 during trading on Monday, reaching $38.66. The company had a trading volume of 616,400 shares, compared to its average volume of 2,615,978. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The business has a 50 day simple moving average of $40.66 and a 200-day simple moving average of $44.09. The stock has a market cap of $11.25 billion, a P/E ratio of 11.35, a PEG ratio of 1.64 and a beta of 0.65. Gaming and Leisure Properties has a 52 week low of $37.33 and a 52 week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business had revenue of $430.52 million for the quarter, compared to analysts’ expectations of $428.51 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities analysts anticipate that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.11% of the stock is currently owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds and other institutional investors have recently made changes to their positions in GLPI. BlackRock Inc. purchased a new position in Gaming and Leisure Properties during the 2nd quarter worth $1,596,811,000. State Street Corp increased its position in Gaming and Leisure Properties by 2.3% during the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock valued at $600,144,000 after buying an additional 305,154 shares in the last quarter. Jennison Associates LLC increased its position in Gaming and Leisure Properties by 21.7% during the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock valued at $194,270,000 after buying an additional 781,198 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gaming and Leisure Properties by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock valued at $184,614,000 after buying an additional 67,652 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Gaming and Leisure Properties in the second quarter valued at about $151,300,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.