Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Gaming and Leisure Properties, split evenly between six buy and six hold ratings, with an average 12-month price target of $48.73.
• GLPI reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. The company issued a quarterly dividend of $0.82 per share, implying an annualized yield of approximately 8.3%.
• The stock opened at $39.59, near its 12-month low, while Director Earl C. Shanks purchased 10,000 shares worth $422,400; institutional investors own 91.14% of the company.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.7273.

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a research note on Friday, July 31st. Raymond James Financial reissued an "outperform" rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Barclays decreased their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings lowered Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, 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 report on Monday, August 3rd.

Gaming and Leisure Properties Stock Down 1.3%

Gaming and Leisure Properties stock opened at $39.59 on Friday. 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 $39.48 and a 12-month high of $49.95. The firm's fifty day moving average is $43.12 and its 200 day moving average is $45.35. The company has a market capitalization of $11.52 billion, a PE ratio of 11.61, a PEG ratio of 1.68 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The business had revenue of $430.52 million during the quarter, compared to analysts' expectations of $428.51 million. During the same period last year, the company posted $0.96 earnings per share. The business's quarterly 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. As a group, sell-side analysts predict that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.3%. Gaming and Leisure Properties's dividend payout ratio is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.11% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of hedge funds have recently added to or reduced their stakes in GLPI. The Manufacturers Life Insurance Company grew its holdings in Gaming and Leisure Properties by 29.9% during the second quarter. The Manufacturers Life Insurance Company now owns 472,446 shares of the real estate investment trust's stock worth $21,038,000 after buying an additional 108,741 shares in the last quarter. National Pension Service lifted its stake in Gaming and Leisure Properties by 75.3% during the 2nd quarter. National Pension Service now owns 39,812 shares of the real estate investment trust's stock valued at $1,773,000 after acquiring an additional 17,097 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Gaming and Leisure Properties by 267.6% during the 2nd quarter. NewEdge Advisors LLC now owns 26,939 shares of the real estate investment trust's stock worth $1,200,000 after acquiring an additional 19,611 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Gaming and Leisure Properties during the 2nd quarter worth $5,736,000. Finally, Allworth Financial LP grew its stake in shares of Gaming and Leisure Properties by 6.9% in the 2nd quarter. Allworth Financial LP now owns 75,746 shares of the real estate investment trust's stock worth $3,373,000 after acquiring an additional 4,883 shares in the last quarter. Institutional investors and hedge funds 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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