Gaming and Leisure Properties (NASDAQ:GLPI) Given New $54.00 Price Target at Royal Bank Of Canada

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target boosted by Royal Bank Of Canada from $53.00 to $54.00 in a report issued on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on GLPI. Stifel Nicolaus set a $48.50 price target on shares of Gaming and Leisure Properties in a report on Thursday, February 12th. Barclays increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley raised their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. 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. Finally, Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $51.95.

Gaming and Leisure Properties Stock Up 1.3%

GLPI stock opened at $47.86 on Monday. The company has a market capitalization of $13.55 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $52.24. The firm’s fifty day simple moving average is $45.41 and its 200-day simple moving average is $45.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84.

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

Gaming and Leisure Properties Dividend Announcement

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

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total transaction of $805,860.00. Following the transaction, the senior vice president owned 65,099 shares of the company’s stock, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 36,864 shares of company stock worth $1,650,906 over the last quarter. Insiders own 4.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Spire Wealth Management boosted its position in shares of 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 valued at $29,000 after acquiring an additional 238 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised 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 period. Quent Capital LLC acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at about $31,000. Finally, Bayforest Capital Ltd boosted its holdings in Gaming and Leisure Properties by 412.1% in the 3rd quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.