Gaming and Leisure Properties (NASDAQ:GLPI) Reaches New 1-Year Low - What's Next?

Key Points

• Gaming and Leisure Properties shares fell to a new 52-week low of $38.16, trading below both their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $47.73.
• The REIT reported quarterly EPS of $0.80, in line with estimates, while revenue rose 9% year over year to $430.52 million. Management issued fiscal-year 2026 EPS guidance of $4.10–$4.12.
• GLPI paid a quarterly dividend of $0.82 per share, representing an annualized yield of approximately 8.5%, though its payout ratio is high at 96.19%. Institutional investors own 91.14% of the company, and a director recently purchased 10,000 shares.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $38.16 and last traded at $38.6320, with a volume of 79672 shares traded. The stock had previously closed at $38.63.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group set a $49.00 price objective on shares of Gaming and Leisure Properties in a report on Thursday, June 18th. Raymond James Financial restated an "outperform" rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, August 13th. Stifel Nicolaus lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, July 31st. Weiss Ratings downgraded Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley reduced their price objective on Gaming and Leisure Properties from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $47.73.

Gaming and Leisure Properties Trading Down 0.3%

The firm has a market cap of $11.21 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.62 and a beta of 0.65. The company has a 50-day simple moving average of $42.48 and a 200 day simple moving average of $44.90. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same period in the previous year, the firm earned $0.96 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.5%. Gaming and Leisure Properties's payout ratio is presently 96.19%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. The trade was a 10.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.11% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Gaming and Leisure Properties during the second quarter worth approximately $1,596,811,000. State Street Corp increased its position in shares of Gaming and Leisure Properties by 2.3% in the second quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust's stock valued at $600,144,000 after buying an additional 305,154 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Gaming and Leisure Properties by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust's stock worth $342,677,000 after buying an additional 258,596 shares during the period. Cohen & Steers Inc. acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $313,242,000. Finally, Jennison Associates LLC lifted its position in shares of Gaming and Leisure Properties by 21.7% during the 1st quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust's stock valued at $194,270,000 after buying an additional 781,198 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 and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.

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