Gaming and Leisure Properties (NASDAQ:GLPI) Receives Hold (C) Rating from Weiss Ratings

Gaming and Leisure Properties (NASDAQ:GLPI)‘s stock had its “hold (c)” rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on GLPI. Stifel Nicolaus lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price on the stock. in a research report on Monday, July 21st. Barclays lowered their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Cantor Fitzgerald initiated coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $51.00 target price on the stock. Macquarie lowered their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Finally, Royal Bank Of Canada lowered their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.71.

Gaming and Leisure Properties Trading Down 1.4%

NASDAQ GLPI opened at $45.26 on Wednesday. The firm’s 50-day moving average is $46.96 and its two-hundred day moving average is $47.31. Gaming and Leisure Properties has a 12 month low of $44.48 and a 12 month high of $52.27. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The stock has a market capitalization of $12.81 billion, a P/E ratio of 17.54, a PEG ratio of 9.98 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The business had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new stake in Gaming and Leisure Properties in the first quarter valued at $26,000. TD Private Client Wealth LLC lifted its holdings in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth $30,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Gaming and Leisure Properties by 1,872.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 618 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.