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

Key Points

• Mizuho lowered Gaming and Leisure Properties’ price target from $53 to $48 while maintaining an “outperform” rating, implying approximately 15.5% upside from the stock’s $41.56 price.
• Analyst sentiment remains generally positive: GLPI has a “Moderate Buy” consensus rating and an average price target of $49.27, despite several brokerages recently reducing their targets.
• GLPI’s latest quarterly results met expectations with $0.80 EPS and $430.52 million in revenue, up 9% year over year; institutional investors own 91.14% of the company, while a director recently purchased 10,000 shares.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price objective decreased by analysts at Mizuho from $53.00 to $48.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price objective would indicate a potential upside of 15.50% from the stock's current price.

Several other research analysts have also recently commented on GLPI. Barclays reduced their target price on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, June 30th. Raymond James Financial reaffirmed an "outperform" rating and set a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Stifel Nicolaus decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a research report on Friday, July 31st. Finally, Wells Fargo & Company lowered their target price 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average price target of $49.27.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $41.56 on Wednesday. Gaming and Leisure Properties has a 52-week low of $41.17 and a 52-week high of $49.95. The company has a 50 day simple moving average of $43.93 and a 200-day simple moving average of $45.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $430.52 million during the quarter, compared to analysts' expectations of $428.51 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company's revenue 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. Equities research analysts predict 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 bought 10,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the purchase, the director owned 107,259 shares of the company's stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total transaction of $144,960.00. Following the completion of the sale, the director directly owned 127,429 shares in the company, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.11% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Colonial River Investments LLC lifted its position in Gaming and Leisure Properties by 2.1% during the 4th quarter. Colonial River Investments LLC now owns 10,893 shares of the real estate investment trust's stock worth $487,000 after buying an additional 227 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Gaming and Leisure Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 63,319 shares of the real estate investment trust's stock worth $2,830,000 after buying an additional 237 shares in the last quarter. Essential Partners LLC lifted its stake in shares of Gaming and Leisure Properties by 38.2% during 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 during the period. Kestra Private Wealth Services LLC grew its position in shares of Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock worth $1,273,000 after buying an additional 245 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Gaming and Leisure Properties by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 64,782 shares of the real estate investment trust's stock worth $2,895,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds 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.

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