Gaming and Leisure Properties (NASDAQ:GLPI) Reaches New 52-Week Low on Analyst Downgrade

Key Points

• Gaming and Leisure Properties shares hit a new 52-week low, falling to $37.33 after Citizens JMP cut its price target from $55 to $49, though it maintained an outperform rating.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $47.83; eight analysts rate the stock Buy and seven rate it Hold.
• GLPI reported quarterly EPS of $0.80 and revenue of $430.52 million, while maintaining an attractive quarterly dividend of $0.82 per share, equivalent to an annualized yield of about 8.6%.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) reached a new 52-week low on Monday after Citizens Jmp lowered their price target on the stock from $55.00 to $49.00. Citizens Jmp currently has a market outperform rating on the stock. Gaming and Leisure Properties traded as low as $37.33 and last traded at $37.8270, with a volume of 266957 shares trading hands. The stock had previously closed at $37.68.

GLPI has been the topic of a number of other reports. Raymond James Financial reissued an "outperform" rating and issued a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Barclays cut their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada reduced their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Weiss Ratings cut shares of Gaming and Leisure Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, Piper Sandler upgraded shares of Gaming and Leisure Properties to a "buy" rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Activity

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares of the company's stock, valued at $4,530,620.16. This represents a 10.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.11% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLPI. Lasalle Investment Management Securities LLC boosted its stake in shares of Gaming and Leisure Properties by 17.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust's stock worth $102,831,000 after acquiring an additional 334,933 shares during the period. Empowered Funds LLC purchased a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $1,219,000. Bank of America Corp DE purchased a new stake in Gaming and Leisure Properties during the 2nd quarter valued at approximately $54,270,000. Squarepoint Ops LLC purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth $5,736,000. Finally, State Street Corp boosted its position in shares of Gaming and Leisure Properties by 2.3% during the second quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust's stock worth $600,144,000 after acquiring an additional 305,154 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Performance

The company has a market capitalization of $11.06 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.57 and a beta of 0.65. The business's fifty day simple moving average is $41.94 and its 200-day simple moving average is $44.62. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 4.03 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.82 per share. 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 8.6%. Gaming and Leisure Properties's dividend payout ratio is presently 96.19%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust that owns and leases gaming and entertainment properties. The company generally leases its properties to casino operators under long-term, triple-net lease agreements, under which tenants are typically responsible for property-level operating expenses, maintenance, insurance and taxes.

GLPI's portfolio primarily consists of casinos, racetracks and related facilities across the United States. Its tenants operate gaming, lodging, food and beverage, entertainment and other hospitality businesses, while GLPI focuses on owning the underlying real estate and managing its relationships with gaming operators.

The company was formed in 2013 through the separation of certain real estate assets from Penn National Gaming, now known as PENN Entertainment.

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