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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)’s share price hit a new 52-week low on Friday . The stock traded as low as $41.87 and last traded at $42.32, with a volume of 113844 shares. The stock had previously closed at $42.77.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GLPI. Stifel Nicolaus cut 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 report on Friday, October 31st. Barclays cut their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday. Mizuho raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Five 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 company currently has an average rating of “Hold” and an average price target of $52.21.

Gaming and Leisure Properties Trading Down 2.1%

The firm’s 50-day simple moving average is $44.55 and its 200 day simple moving average is $46.12. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 9.07 and a beta of 0.68.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.4%. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently added to or reduced their stakes in GLPI. LPL Financial LLC increased its holdings in shares of Gaming and Leisure Properties by 7.4% during the first quarter. LPL Financial LLC now owns 199,701 shares of the real estate investment trust’s stock worth $10,165,000 after buying an additional 13,840 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Gaming and Leisure Properties by 9.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,297 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 989 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Gaming and Leisure Properties by 4.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 8,427 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 371 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Gaming and Leisure Properties by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust’s stock worth $167,642,000 after purchasing an additional 10,092 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in Gaming and Leisure Properties by 255.6% in the first quarter. Headlands Technologies LLC now owns 15,791 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 11,350 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

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.