Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 12-Month Low - Time to Sell?

Key Points

• Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) shares have hit a new 12-month low of $44.42, raising concerns about whether it's time to sell.
• Several analysts have downgraded the stock, with target prices adjusted downward from $54.00 to as low as $51.00, leaving a consensus rating of "Hold" and a target price of $52.71.
• The company reported a missed EPS estimate for the last quarter, with earnings of $0.96 compared to the expected $0.97, while also announcing a quarterly dividend of $0.78 per share.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $44.42 and last traded at $44.55, with a volume of 1386529 shares trading hands. The stock had previously closed at $44.91.

Analyst Ratings Changes

Several analysts have recently commented on GLPI shares. Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a research note on Monday, July 21st. Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Barclays reduced their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Finally, Scotiabank raised their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.71.

Gaming and Leisure Properties Stock Performance

The company's fifty day moving average price is $46.95 and its 200 day moving average price is $47.26. The company has a market cap of $12.61 billion, a PE ratio of 17.27, a P/E/G ratio of 9.84 and a beta of 0.74. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. 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, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.78 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a dividend yield of 7.0%. Gaming and Leisure Properties's dividend payout ratio is currently 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director owned 133,953 shares in the company, valued at $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the stock. Dodge & Cox increased its holdings in Gaming and Leisure Properties by 0.8% during the second quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust's stock worth $635,705,000 after buying an additional 108,748 shares during the last quarter. Wellington Management Group LLP increased its holdings in Gaming and Leisure Properties by 3.1% during the first quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock worth $588,242,000 after buying an additional 349,065 shares during the last quarter. Geode Capital Management LLC increased its holdings in Gaming and Leisure Properties by 7.5% during the second quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust's stock worth $323,683,000 after buying an additional 483,174 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Gaming and Leisure Properties by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock worth $242,597,000 after buying an additional 77,562 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Gaming and Leisure Properties by 3.2% during the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust's stock worth $217,408,000 after buying an additional 145,172 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

About Gaming and Leisure Properties

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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