Scotiabank Lowers Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $43.00

Key Points

• Scotiabank lowered Gaming and Leisure Properties’ price target from $49 to $43 while maintaining a “sector perform” rating, implying approximately 9.55% upside from the stock’s $39.25 price.
• Analyst sentiment remains moderately positive: GLPI has six Buy and six Hold ratings, with a consensus price target of $48.18.
• GLPI reported second-quarter 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, increasing his holdings by 10.28%.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its target price lowered by research analysts at Scotiabank from $49.00 to $43.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective points to a potential upside of 9.55% from the company's current price.

Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 30th. Wells Fargo & Company cut their price target on 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 cut their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, September 2nd. Finally, Barclays decreased their price target on shares of 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus price target of $48.18.

Gaming and Leisure Properties Stock Down 1.7%

Shares of GLPI stock opened at $39.25 on Thursday. 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 stock has a market cap of $11.42 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.67 and a beta of 0.65. Gaming and Leisure Properties has a 12 month low of $39.21 and a 12 month high of $49.95. The company has a 50 day simple moving average of $42.86 and a two-hundred day simple moving average of $45.11.

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 (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $428.51 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. Gaming and Leisure Properties'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. On average, research analysts expect that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks acquired 10,000 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director owned 107,259 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.11% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $1,596,811,000. Cohen & Steers Inc. purchased a new position in Gaming and Leisure Properties during the fourth quarter worth about $313,242,000. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $167,743,000. Deutsche Bank AG purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $151,300,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at approximately $111,960,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

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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