The stock of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) last traded at $47.46, unchanged from the previous session.
Data from the available sources indicates that Gaming and Leisure Properties Inc. (NASDAQ:GLPI) is covered by 20 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $63.00 and a low of $50.00, we find $56.50. Given the previous closing price of $47.46, this indicates a potential upside of 19.05 percent. GLPI stock price is now -2.46% away from the 50-day moving average and -5.91% away from the 200-day moving average. The market capitalization of the company currently stands at $12.58B.
In total, 4 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $56.17 as their price target over the next twelve months.
With the price target reduced from $60 to $52, Deutsche Bank Downgraded its rating from Buy to Hold for Gaming and Leisure Properties Inc. (NASDAQ: GLPI).
In other news, Urdang E Scott, Director bought 1,000 shares of the company’s stock on Mar 01. The stock was bought for $53,820 at an average price of $53.82. Upon completion of the transaction, the Director now directly owns 150,132 shares in the company, valued at $7.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, COO, Gen Counsel & Sec Moore Brandon John sold 3,000 shares of the business’s stock. A total of $162,000 was realized by selling the stock at an average price of $54.00. This leaves the insider owning 215,981 shares of the company worth $10.25 million. Insiders disposed of 556,746 shares of company stock worth roughly $26.42 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLPI stock. A new stake in Gaming and Leisure Properties Inc. shares was purchased by NATIXIS during the first quarter worth $7,038,000. WESTWOOD HOLDINGS GROUP INC invested $5,297,000 in shares of GLPI during the first quarter. In the first quarter, PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in Gaming and Leisure Properties Inc. valued at approximately $4,616,000. RETIREMENT SYSTEMS OF ALABAMA acquired a new stake in GLPI for approximately $4,471,000. ALLSTATE INVESTMENT MANAGEMENT CO purchased a new stake in GLPI valued at around $4,261,000 in the second quarter. In total, there are 695 active investors with 92.20% ownership of the company’s stock.
With an opening price of $47.73 on Monday morning, Gaming and Leisure Properties Inc. (NASDAQ: GLPI) set off the trading day. During the past 12 months, Gaming and Leisure Properties Inc. has had a low of $43.20 and a high of $54.88. According to the stock market information, the enterprise value for the company is $18.96B, which is based on a 16.50 price-to-earnings ratio, a 1.96 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for GLPI is $48.62 and a two-hundred day moving average price translates $50.58 for the stock.
The latest earnings results from Gaming and Leisure Properties Inc. (NASDAQ: GLPI) was released for Jun, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.59, missing analysts’ expectations of $0.7 by -0.11. This compares to $0.61 EPS in the same period last year. The net profit margin was 55.70% and return on equity was 20.20% for GLPI. The company reported revenue of $356.59 million for the quarter, compared to $326.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.21 percent. For the current quarter, analysts expect GLPI to generate $356.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $0.72 dividend. On an annualized basis, this represents a $2.88 dividend and a 6.07% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, GLPI is presently at 93.60%.
Gaming and Leisure Properties Inc.(GLPI) Company Profile
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
