Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Target Lowered at Citizens Jmp

Key Points

• Citizens JMP lowered Gaming and Leisure Properties’ price target from $55 to $49 while maintaining a “market outperform” rating, implying roughly 30% upside from the $37.59 share price.
• Analyst sentiment remains positive overall, with eight Buy ratings and seven Holds; GLPI has a consensus “Moderate Buy” rating and an average price target of $47.83.
• GLPI reported quarterly revenue of $430.52 million, up 9% year over year, and earnings of $0.80 per share, matching estimates. Director Earl C. Shanks also purchased 10,000 shares, increasing his ownership by 10.28%.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price target dropped by research analysts at Citizens Jmp from $55.00 to $49.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "market outperform" rating on the real estate investment trust's stock. Citizens Jmp's price objective suggests a potential upside of 30.35% from the stock's current price.

GLPI has been the subject of a number of other research reports. Weiss Ratings downgraded Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Scotiabank reduced their price target on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 24th. Wells Fargo & Company decreased their price target on shares of Gaming and Leisure Properties from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 1st. Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, September 2nd. Finally, Citigroup restated a "market outperform" rating on shares of Gaming and Leisure Properties in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $47.83.

Gaming and Leisure Properties Stock Down 1.0%

Shares of NASDAQ:GLPI opened at $37.59 on Friday. The firm has a market capitalization of $10.94 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.59 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties has a 52-week low of $37.35 and a 52-week high of $49.95. The firm has a fifty day moving average of $42.09 and a 200 day moving average of $44.69.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. During the same quarter last year, the business posted $0.96 earnings per share. The company's revenue for the quarter was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, research analysts anticipate that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In other news, Director Earl C. Shanks purchased 10,000 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. SHP Wealth Management bought a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $30,000. Markowski Investments purchased a new stake in Gaming and Leisure Properties in the second quarter worth $35,000. Parkside Financial Bank & Trust boosted its holdings in Gaming and Leisure Properties by 115.2% in the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 425 shares in the last quarter. Essential Partners LLC boosted its holdings in Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in Gaming and Leisure Properties during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI's portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.

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