Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has received a consensus rating of "Hold" from thirteen analysts, with an average target price of $52.71.
• Recent insider trading activity includes Director E Scott Urdang selling 3,000 shares at an average price of $46.54, reducing his ownership by 2.19%.
• The company announced a quarterly dividend of $0.78 per share, representing an annualized yield of 6.7% and a payout ratio of 120.93%.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have received an average rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $52.7115.

A number of brokerages recently issued reports on GLPI. Scotiabank upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Gaming and Leisure Properties in a research note on Saturday, September 27th. Cantor Fitzgerald initiated coverage on shares of Gaming and Leisure Properties in a research note on Wednesday. They set a "neutral" rating and a $51.00 price target for the company. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price target for the company. in a research note on Monday, July 21st. Finally, Macquarie decreased their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, July 28th.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on 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 sale, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds have recently modified their holdings of the stock. Perigon Wealth Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $217,000. Envestnet Asset Management Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 604,875 shares of the real estate investment trust's stock worth $30,788,000 after purchasing an additional 16,617 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Gaming and Leisure Properties by 407.7% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 110,654 shares of the real estate investment trust's stock worth $5,632,000 after purchasing an additional 88,858 shares during the period. Assetmark Inc. lifted its holdings in shares of Gaming and Leisure Properties by 49.6% during the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 328 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Gaming and Leisure Properties by 210.9% during the first quarter. Farther Finance Advisors LLC now owns 2,083 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 1,413 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $46.87 on Friday. The stock has a 50 day moving average price of $46.97 and a 200 day moving average price of $47.41. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 10.12 and a beta of 0.74. Gaming and Leisure Properties has a 52-week low of $44.48 and a 52-week high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The business had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period 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. Research analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties's dividend payout ratio is currently 120.93%.

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.

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