Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Has Average Target Price of $47.83 According to Analysts

Key Points

• Analysts give GLPI a “Moderate Buy” consensus, with eight buy ratings and seven holds; the average 12-month price target is $47.83 versus a recent price of $38.35.
• Gaming and Leisure Properties reported quarterly EPS of $0.80, matching estimates, while revenue rose 9% year over year to $430.52 million. The company projects fiscal-year EPS of $4.10–$4.12.
• The REIT pays a quarterly dividend of $0.82 per share, equating to an annualized yield of about 8.6%; institutional investors and hedge funds own 91.14% of its shares.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.83.

A number of equities analysts have recently weighed in on GLPI shares. Weiss Ratings lowered Gaming and Leisure Properties from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Mizuho dropped their price target on Gaming and Leisure Properties from $53.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, September 2nd. Scotiabank reduced 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. JPMorgan Chase & Co. downgraded Gaming and Leisure Properties from an "overweight" rating to a "neutral" rating and set a $46.00 price target for the company. in a research note on Thursday, September 24th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, August 13th.

Insider Activity

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 modified their holdings of the business. BlackRock Inc. bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at about $1,596,811,000. State Street Corp grew its position in shares of Gaming and Leisure Properties by 2.3% during the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust's stock worth $600,144,000 after purchasing an additional 305,154 shares in the last quarter. Jennison Associates LLC grew its position in shares of Gaming and Leisure Properties by 21.7% during the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust's stock worth $194,270,000 after purchasing an additional 781,198 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gaming and Leisure Properties by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust's stock worth $184,614,000 after purchasing an additional 67,652 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Gaming and Leisure Properties during the second quarter worth approximately $151,300,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 0.3%

Shares of GLPI opened at $38.35 on Wednesday. Gaming and Leisure Properties has a 52 week low of $37.33 and a 52 week high of $49.95. The firm has a market cap of $11.16 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.61 and a beta of 0.65. The firm's 50-day simple moving average is $40.97 and its 200 day simple moving average is $44.21. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

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 for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $430.52 million for 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%. The business's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, analysts forecast that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.6%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI's portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.

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