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

Key Points

• Scotiabank lowered its GLPI price target from $50 to $49 while maintaining a “sector perform” rating, implying roughly 22% upside from the prior close.
• GLPI shares fell 0.8% to $40.01, near their 12-month low. Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $48.73.
• The REIT met quarterly EPS expectations at $0.80 and exceeded revenue forecasts with $430.52 million, while revenue increased 9% year over year. A company director also purchased 10,000 shares worth approximately $422,400.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price target reduced by stock analysts at Scotiabank from $50.00 to $49.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price would suggest a potential upside of 22.46% from the stock's previous close.

GLPI has been the subject of several other research reports. Stifel Nicolaus reduced their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada cut their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $52.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. UBS Group set a $49.00 price target on Gaming and Leisure Properties in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. decreased their target price 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. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and a consensus price target of $48.73.

Gaming and Leisure Properties Stock Down 0.8%

Shares of GLPI stock traded down $0.34 during mid-day trading on Thursday, reaching $40.01. 547,972 shares of the company's stock traded hands, compared to its average volume of 2,554,640. The company's 50-day moving average price is $43.25 and its 200-day moving average price is $45.46. The company has a market cap of $11.64 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.65. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. Gaming and Leisure Properties has a 12 month low of $39.90 and a 12 month high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million during the quarter, compared to analysts' expectations 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 was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities analysts expect that Gaming and Leisure Properties will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SHP Wealth Management bought a new position in shares of Gaming and Leisure Properties in the fourth quarter worth about $30,000. Markowski Investments purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth approximately $35,000. Parkside Financial Bank & Trust boosted its stake in Gaming and Leisure Properties by 115.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 425 shares during the period. Essential Partners LLC boosted its stake in Gaming and Leisure Properties by 38.2% in the 1st quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 240 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Gaming and Leisure Properties during the 1st quarter valued at approximately $40,000. 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, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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