Barclays Has Lowered Expectations for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price lowered by equities research analysts at Barclays from $53.00 to $52.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective would suggest a potential upside of 9.29% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of 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. Royal Bank Of Canada upped their price objective on shares of 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 reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Thursday, January 8th. Finally, 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 research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.32.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $47.58 on Friday. The firm has a market cap of $13.48 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.64. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $51.44. The business’s fifty day simple moving average is $46.51 and its 200-day simple moving average is $45.64.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The firm had revenue of $407.03 million during the quarter, compared to the consensus estimate of $406.02 million. During the same period last year, the company earned $0.95 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. 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 earnings per share for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, CFO Desiree A. Burke sold 9,804 shares of the stock in a transaction dated Friday, February 27th. The shares were 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 approximately $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. 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 13,409 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $45.04, for a total transaction of $603,941.36. Following the completion of the transaction, the senior vice president directly owned 57,886 shares of the company’s stock, valued at approximately $2,607,185.44. The trade was a 18.81% 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 worth $3,203,844 over the last ninety days. Company insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in Gaming and Leisure Properties by 66.6% in the 4th quarter. Corient Private Wealth LLC now owns 31,581 shares of the real estate investment trust’s stock valued at $1,416,000 after buying an additional 12,627 shares during the period. Hsbc Holdings PLC grew its stake in shares of Gaming and Leisure Properties by 7.9% in the fourth quarter. Hsbc Holdings PLC now owns 710,101 shares of the real estate investment trust’s stock worth $31,770,000 after acquiring an additional 51,987 shares in the last quarter. AG Campbell Advisory LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $341,000. Pure Financial Advisors LLC increased its position in shares of Gaming and Leisure Properties by 2.9% during the fourth quarter. Pure Financial Advisors LLC now owns 8,943 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 255 shares during the period. Finally, SHP Wealth Management acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $30,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.