Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo lowered Gaming and Leisure Properties’ price target from $43 to $40 while maintaining an “equal weight” rating, implying about 3.48% upside from the stock’s $38.66 price.
• GLPI shares fell 1.6% in Monday trading and remain below their 50-day and 200-day moving averages. Despite several target reductions, analysts maintain a “Moderate Buy” consensus with an average price target of $47.58.
• The REIT reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. Director Earl C. Shanks also purchased 10,000 shares, and institutional investors own 91.14% of the stock.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its target price decreased by investment analysts at Wells Fargo & Company from $43.00 to $40.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 3.48% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald reduced their price target on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Morgan Stanley lowered their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 17th. Barclays cut their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Raymond James Financial reissued an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Finally, Scotiabank decreased their price target on Gaming and Leisure Properties from $49.00 to $43.00 and set a "sector perform" rating for the company in a research note on Thursday, September 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and a consensus price target of $47.58.

Gaming and Leisure Properties Stock Down 1.6%

Gaming and Leisure Properties stock traded down $0.62 during mid-day trading on Monday, hitting $38.66. The company had a trading volume of 616,400 shares, compared to its average volume of 2,615,978. The stock's 50 day moving average price is $40.66 and its two-hundred day moving average price is $44.09. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $11.25 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.64 and a beta of 0.65. Gaming and Leisure Properties has a 12 month low of $37.33 and a 12 month high of $49.95.

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

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks purchased 10,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.11% of the stock is owned by insiders.

Institutional Trading of Gaming and Leisure Properties

Hedge funds have recently bought and sold shares of the company. Essential Partners LLC boosted its position in shares of Gaming and Leisure Properties by 38.2% during the 1st 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 during the last quarter. Arizona State Retirement System raised its stake in Gaming and Leisure Properties by 0.3% during the second quarter. Arizona State Retirement System now owns 77,143 shares of the real estate investment trust's stock valued at $3,435,000 after purchasing an additional 243 shares in the last quarter. Pure Financial Advisors LLC raised its stake in 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 valued at $400,000 after purchasing an additional 255 shares in the last quarter. Mather Group LLC. raised its stake in Gaming and Leisure Properties by 54.2% during the third quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Gaming and Leisure Properties by 0.3% during the first quarter. IFM Investors Pty Ltd now owns 86,189 shares of the real estate investment trust's stock valued at $3,824,000 after purchasing an additional 284 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 that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI's portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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