Mizuho Issues Positive Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price boosted by Mizuho from $50.00 to $53.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on GLPI. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $53.00 in a research note on Friday, December 12th. Royal Bank Of Canada lifted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Finally, Barclays upped their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $52.41.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $47.85 on Wednesday. The company’s 50-day moving average is $46.38 and its 200-day moving average is $45.64. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The firm has a market capitalization of $13.55 billion, a PE ratio of 16.44, a PEG ratio of 2.16 and a beta of 0.64. Gaming and Leisure Properties has a fifty-two week low of $41.17 and a fifty-two week high of $51.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same quarter in the previous year, the firm posted $0.95 EPS. Gaming and Leisure Properties’s revenue was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Equities analysts forecast that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total transaction of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares of the company’s stock, valued at $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Steven Ladany sold 18,000 shares of the firm’s stock in a transaction 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 approximately $2,914,482.23. This trade represents a 21.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,042 shares of company stock valued at $3,203,844 over the last ninety days. Company insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently modified their holdings of GLPI. Rakuten Investment Management Inc. bought a new position in shares of Gaming and Leisure Properties in the third quarter worth about $1,162,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Gaming and Leisure Properties by 6.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock valued at $93,154,000 after purchasing an additional 124,745 shares during the last quarter. National Pension Service grew its holdings in shares of Gaming and Leisure Properties by 26.6% during the 3rd quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock valued at $12,725,000 after purchasing an additional 57,282 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Gaming and Leisure Properties during the 2nd quarter worth approximately $124,785,000. Finally, Raiffeisen Bank International AG bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at approximately $703,000. 91.14% of the stock is currently owned by institutional investors.

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.