Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Given Average Rating of “Hold” by Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $52.3750.

A number of equities analysts have weighed in on GLPI shares. Stifel Nicolaus decreased their price objective on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald reduced their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Mizuho raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Finally, Macquarie reduced their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director owned 129,953 shares in the company, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.26% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 238 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the 2nd quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 309 shares during the last quarter. REAP Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 66.0% in the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the period. Finally, Quent Capital LLC acquired a new position in Gaming and Leisure Properties in the third quarter worth $31,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $43.04 on Friday. The firm has a market capitalization of $12.18 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 9.34 and a beta of 0.74. Gaming and Leisure Properties has a one year low of $42.26 and a one year high of $52.27. The stock’s 50 day moving average price is $45.25 and its 200 day moving average price is $46.37. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, sell-side analysts expect that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Gaming and Leisure Properties Company Profile

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.