In yesterday’s Wall Street session, Gaming and Leisure Properties Inc. (NASDAQ:GLPI) shares traded at $48.28, down -0.45% from the previous session.
As of this writing, 20 analysts cover Gaming and Leisure Properties Inc. (NASDAQ:GLPI). 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 $48.50, this indicates a potential upside of 16.49 percent. GLPI stock price is now 1.02% away from the 50-day moving average and -3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $12.74B.
There are 4 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $55.97 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, SCHWARTZ BARRY F, Director bought 1,500 shares of the company’s stock on Aug 17. The stock was bought for $68,745 at an average price of $45.83. Upon completion of the transaction, the Director now directly owns 55,323 shares in the company, valued at $2.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, Director SCHWARTZ BARRY F bought 1,000 shares of the business’s stock. A total of $47,740 was incurred on buying the stock at an average price of $47.74. This leaves the insider owning 53,823 shares of the company worth $2.6 million. Insiders disposed of 556,746 shares of company stock worth roughly $26.88 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 MARSHALL WACE, LLP during the first quarter worth $11,443,000. UNISUPER MANAGEMENT PTY LTD invested $8,375,000 in shares of GLPI during the first quarter. In the first quarter, PINEBRIDGE INVESTMENTS, L.P. acquired a new stake in Gaming and Leisure Properties Inc. valued at approximately $5,687,000. WESTWOOD HOLDINGS GROUP INC acquired a new stake in GLPI for approximately $5,388,000. RETIREMENT SYSTEMS OF ALABAMA purchased a new stake in GLPI valued at around $4,548,000 in the second quarter. In total, there are 695 active investors with 92.20% ownership of the company’s stock.
Friday morning saw Gaming and Leisure Properties Inc. (NASDAQ: GLPI) opened at $48.50. 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 $19.17B, which is based on a 16.73 price-to-earnings ratio, a 1.99 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for GLPI is $47.81 and a two-hundred day moving average price translates $50.32 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 54.50% 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 $356.34M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/15/2023 were paid a $0.73 dividend. On an annualized basis, this represents a $2.92 dividend and a 6.05% percent yield. There was an ex-dividend date of 09/14/2023 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.
