Mizuho Cuts Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $48.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective decreased by Mizuho from $53.00 to $48.00 in a research report report published on Wednesday morning, MarketBeat.com reports. Mizuho currently has an outperform rating on the real estate investment trust’s stock.

GLPI has been the topic of a number of other research reports. Raymond James Financial reissued an “outperform” rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a report on Thursday, August 13th. Barclays decreased their price objective on Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, UBS Group set a $49.00 price target on Gaming and Leisure Properties in a research note on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average target price of $49.27.

Gaming and Leisure Properties Stock Down 1.0%

GLPI stock opened at $41.92 on Wednesday. The company has a fifty day moving average price of $43.74 and a 200 day moving average price of $45.84. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 59.01% and a return on equity of 19.17%. Gaming and Leisure Properties’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Sell-side analysts expect that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, September 11th. Gaming and Leisure Properties’s payout ratio is 96.19%.

Insider Activity

In other Gaming and Leisure Properties news, Director E. Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the sale, the director owned 127,429 shares of the company’s stock, valued at approximately $6,157,369.28. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the transaction, 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 position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 4.11% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Gaming and Leisure Properties by 115.2% in the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 425 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Gaming and Leisure Properties by 103.9% in the second quarter. Allianz Asset Management GmbH now owns 591,143 shares of the real estate investment trust’s stock valued at $26,324,000 after acquiring an additional 301,277 shares during the period. Amundi boosted its position in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. Amundi now owns 705,319 shares of the real estate investment trust’s stock worth $31,408,000 after purchasing an additional 5,084 shares in the last quarter. Groupe la Francaise purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth $559,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth $41,756,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.