Gaming and Leisure Properties (NASDAQ:GLPI) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Gaming and Leisure Properties (NASDAQ: GLPI) has been upgraded to a "hold" rating by Cantor Fitzgerald, signaling a shift in analyst sentiment for the stock.
• Five research analysts currently rate the stock as a Buy, while seven have assigned a Hold rating, resulting in a consensus rating of "Hold" with an average price target of $52.71.
• The company recently reported a 0.96 earnings per share (EPS) for the last quarter, slightly falling short of expectations, with revenue reaching $394.90 million, an increase of 3.8% year-over-year.

Investment analysts at Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) in a report released on Wednesday, MarketBeat reports. The brokerage set a "neutral" rating and a $51.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's target price suggests a potential upside of 8.19% from the stock's current price.

A number of other brokerages have also commented on GLPI. Barclays cut their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 20th. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective on the stock. in a research note on Monday, July 21st. Macquarie decreased their price target 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. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Finally, Scotiabank increased 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 report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of "Hold" and a consensus target price of $52.71.

Gaming and Leisure Properties Trading Up 1.1%

Shares of NASDAQ:GLPI opened at $47.14 on Wednesday. The stock has a market capitalization of $13.34 billion, a PE ratio of 18.27, a P/E/G ratio of 10.13 and a beta of 0.75. 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 has a 1 year low of $44.48 and a 1 year high of $52.27. The firm has a fifty day moving average price of $46.98 and a 200 day moving average price of $47.46.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The firm had revenue of $394.90 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Analysts expect that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.26% of the company's stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several hedge funds have recently bought and sold shares of GLPI. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $175,169,000. Nuveen LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $151,723,000. Balyasny Asset Management L.P. acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $124,785,000. Invesco Ltd. raised its holdings in shares of Gaming and Leisure Properties by 127.7% during the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock worth $229,673,000 after acquiring an additional 2,530,463 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Gaming and Leisure Properties by 731.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock worth $112,622,000 after acquiring an additional 1,946,575 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.