Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Price Target at $49.91

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $49.9091.

A number of research analysts have recently issued reports on GLPI shares. Royal Bank Of Canada cut their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Stifel Nicolaus lowered their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Morgan Stanley upped their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, UBS Group set a $49.00 price objective on Gaming and Leisure Properties in a report on Thursday, June 18th.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $42.07 on Tuesday. Gaming and Leisure Properties has a 1-year low of $41.17 and a 1-year high of $49.95. The stock’s 50-day moving average is $43.99 and its 200 day moving average is $45.95. The company has a market cap of $12.24 billion, a P/E ratio of 12.34, a PEG ratio of 1.78 and a beta of 0.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74.

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

Insider Activity

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the completion of the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl C. Shanks purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.11% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several hedge funds have recently modified their holdings of GLPI. SHP Wealth Management purchased a new position in Gaming and Leisure Properties in the 4th quarter worth $30,000. International Assets Investment Management LLC acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $31,000. Markowski Investments acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $35,000. Essential Partners LLC lifted its position in shares of Gaming and Leisure Properties by 38.2% during the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds 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 (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.