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

Key Points

• Gaming and Leisure Properties, Inc. has been given an average rating of "Hold" by eleven analysts, with six holding that rating and five assigning a buy rating.
• Recent stock price targets from various analysts include a cut from $53.00 to $48.00 by Mizuho and an increase from $48.00 to $50.00 by Scotiabank, reflecting mixed sentiments.
• The company recently announced a quarterly dividend of $0.78 per share, with a yield of 6.5%, and a payout ratio of 120.93%.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have received a consensus recommendation of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $52.8542.

A number of research firms recently commented on GLPI. Stifel Nicolaus lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target on the stock. in a research report on Monday, July 21st. Macquarie decreased their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Wells Fargo & Company decreased their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Mizuho increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Scotiabank increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI traded down $0.36 during trading hours on Tuesday, reaching $48.05. 2,422,022 shares of the company's stock were exchanged, compared to its average volume of 1,986,190. The stock has a market cap of $13.60 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 10.53 and a beta of 0.73. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.27. The firm has a fifty day moving average of $47.18 and a 200-day moving average of $47.76. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The business had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities research analysts predict that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 120.93%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.26% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Large investors have recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $26,000. Private Trust Co. NA bought a new position in shares of Gaming and Leisure Properties in the 1st quarter valued at about $28,000. TD Private Client Wealth LLC grew its holdings in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $30,000. Finally, REAP Financial Group LLC grew its holdings in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 264 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.