Gaming and Leisure Properties (NASDAQ:GLPI) Given New $47.50 Price Target at Stifel Nicolaus

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $49.50 to $47.50 in a research report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' target price indicates a potential upside of 8.39% from the company's current price.

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Several other research analysts have also weighed in on GLPI. Barclays upgraded shares of Gaming and Leisure Properties from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $51.00 to $54.00 in a research report on Monday, October 20th. Mizuho boosted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Weiss Ratings restated a "hold (c)" rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Macquarie dropped their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Finally, Royal Bank Of Canada decreased their target price on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $52.65.

Get Our Latest Stock Report on Gaming and Leisure Properties

Gaming and Leisure Properties Stock Performance

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NASDAQ GLPI traded up $1.08 during trading hours on Friday, hitting $43.82. 522,362 shares of the stock were exchanged, compared to its average volume of 1,602,876. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 9.49 and a beta of 0.74. Gaming and Leisure Properties has a 12-month low of $42.26 and a 12-month high of $52.27. The stock has a 50-day moving average of $46.41 and a 200 day moving average of $46.81.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $397.60 million for the quarter, compared to analysts' expectations of $399.66 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities research analysts forecast that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Insider Transactions at Gaming and Leisure Properties

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In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.26% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. GF Fund Management CO. LTD. lifted its position in shares of Gaming and Leisure Properties by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 211 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Spire Wealth Management boosted its holdings in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Woodward Diversified Capital LLC increased its position in Gaming and Leisure Properties by 5.8% in the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 243 shares during the period. Finally, Freedom Investment Management Inc. lifted its position in Gaming and Leisure Properties by 4.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.

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