Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Consensus Rating of “Moderate Buy” from Analysts

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.8864.

A number of equities analysts recently issued reports on GLPI shares. Morgan Stanley raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Mizuho set a $50.00 price objective on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $53.00 in a report on Friday, December 12th. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday. Finally, Barclays decreased their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 of the company’s stock, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the transaction, the senior vice president owned 65,099 shares in the company, valued at $2,914,482.23. The trade was a 21.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 40,864 shares of company stock worth $1,832,866. Company insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds have recently modified their holdings of GLPI. Voya Investment Management LLC raised its position in Gaming and Leisure Properties by 8.7% in the first quarter. Voya Investment Management LLC now owns 286,786 shares of the real estate investment trust’s stock worth $14,597,000 after acquiring an additional 22,944 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Gaming and Leisure Properties by 45.2% during the 2nd quarter. Gateway Investment Advisers LLC now owns 53,561 shares of the real estate investment trust’s stock worth $2,500,000 after purchasing an additional 16,665 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Gaming and Leisure Properties by 2.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,870 shares of the real estate investment trust’s stock worth $3,868,000 after purchasing an additional 2,063 shares during the period. Swedbank AB purchased a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $1,268,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Gaming and Leisure Properties by 1,547.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 292,734 shares of the real estate investment trust’s stock valued at $14,113,000 after purchasing an additional 274,964 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.52 on Monday. The company’s 50 day simple moving average is $44.06 and its 200-day simple moving average is $45.71. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $52.24. The firm has a market cap of $12.60 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.

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 for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. Gaming and Leisure Properties’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

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.