Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Raised to $50.00 at Mizuho

Key Points

• Mizuho has raised its price target for Gaming and Leisure Properties (NASDAQ:GLPI) from $48.00 to $50.00, indicating a potential upside of 4.05% from the previous close.
• Consensus rating for the stock is currently a "Hold" with a target price of $52.85, as five analysts rate it as a Buy and six as Hold.
• Gaming and Leisure Properties recently reported $0.96 EPS for the quarter, slightly below consensus estimates but demonstrating a 3.8% revenue increase compared to the previous year.

Gaming and Leisure Properties (NASDAQ:GLPI - Free Report) had its price target increased by Mizuho from $48.00 to $50.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

A number of other research firms also recently weighed in on GLPI. Wells Fargo & Company reduced their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Royal Bank Of Canada reduced their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Scotiabank upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Macquarie dropped their price objective on 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, Stifel Nicolaus cut 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. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.85.

Gaming and Leisure Properties Trading Down 0.7%

Shares of GLPI stock traded down $0.35 on Thursday, reaching $47.47. The company had a trading volume of 411,833 shares, compared to its average volume of 1,523,718. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The stock has a market cap of $13.43 billion, a PE ratio of 18.41, a PEG ratio of 10.45 and a beta of 0.73. The company has a 50-day moving average of $47.19 and a 200-day moving average of $47.71. Gaming and Leisure Properties has a 12 month low of $44.48 and a 12 month high of $52.27.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, September 12th. 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 stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.26% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Gaming and Leisure Properties in the 2nd quarter worth $175,169,000. Nuveen LLC bought a new stake in Gaming and Leisure Properties during the first quarter valued at about $151,723,000. Balyasny Asset Management L.P. bought a new position in shares of Gaming and Leisure Properties in the second quarter worth about $124,785,000. Invesco Ltd. boosted its stake in shares of Gaming and Leisure Properties by 127.7% in 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 lifted its position in shares of Gaming and Leisure Properties by 731.7% in 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 buying an additional 1,946,575 shares in 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.