Gaming and Leisure Properties (NASDAQ:GLPI) Reaches New 52-Week Low – Here’s What Happened

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $39.34 and last traded at $39.7270, with a volume of 226279 shares changing hands. The stock had previously closed at $39.92.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Raymond James Financial reiterated an “outperform” rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Mizuho dropped their price target on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Finally, Barclays lowered their target price on 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and a consensus target price of $48.73.

Gaming and Leisure Properties Price Performance

The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The company has a market cap of $11.49 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.66 and a beta of 0.65. The firm has a 50 day moving average price of $42.96 and a two-hundred day moving average price of $45.18.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, hitting 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 firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same quarter last year, the business earned $0.96 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.3%. Gaming and Leisure Properties’s dividend payout ratio is currently 96.19%.

Insider Activity at Gaming and Leisure Properties

In related news, Director Earl C. Shanks purchased 10,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Large investors have recently modified their holdings of the company. SHP Wealth Management purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at approximately $30,000. Markowski Investments purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $35,000. Parkside Financial Bank & Trust raised its holdings in shares of Gaming and Leisure Properties by 115.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 425 shares in the last quarter. Essential Partners LLC boosted 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 acquiring an additional 240 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at approximately $40,000. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.