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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) 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. The stock had previously closed at $37.68.

A number of other research analysts also recently commented on GLPI. UBS Group set a $49.00 target price on shares of Gaming and Leisure Properties in a research report on Thursday, June 18th. Weiss Ratings downgraded shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Barclays dropped their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Thursday, September 24th. Finally, Wells Fargo & Company reduced their target price on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Insider Buying and Selling

In related news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the completion of the acquisition, the director directly owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Gaming and Leisure Properties during the second quarter worth $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. Cohen & Steers Inc. purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at $313,242,000. Jennison Associates LLC raised its stake 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 worth $194,270,000 after buying an additional 781,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gaming and Leisure Properties by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,160,855 shares of the real estate investment trust’s stock worth $184,614,000 after buying an additional 67,652 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Up 0.4%

The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The firm’s 50-day moving average is $41.64 and its 200 day moving average is $44.49. The firm has a market capitalization of $11.08 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $430.52 million for the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Friday, September 11th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 96.19%.

Gaming and Leisure Properties Company Profile

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.