Mizuho Issues Positive Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

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 - Get Free Report) had its price objective boosted by equities research analysts at Mizuho from $48.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's target price would suggest a potential upside of 4.05% from the company's previous close.

GLPI has been the subject of a number of other reports. Scotiabank raised their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Macquarie cut their price target on 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. Royal Bank Of Canada decreased their price objective on shares of 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 dropped their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 20th. Finally, Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.85.

Gaming and Leisure Properties Trading Down 0.1%

NASDAQ GLPI opened at $48.05 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The firm has a market cap of $13.60 billion, a P/E ratio of 18.64, a P/E/G ratio of 10.46 and a beta of 0.73. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.54. The stock's 50-day moving average is $47.18 and its 200-day moving average is $47.77.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued 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 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 business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.26% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. raised its stake in Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 211 shares during the period. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in Gaming and Leisure Properties by 2.6% in the first quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after purchasing an additional 221 shares in the last quarter. Woodward Diversified Capital LLC grew its stake in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 243 shares during the period. Finally, Freedom Investment Management Inc. boosted its position in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust's stock valued at $279,000 after buying an additional 261 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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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