Gaming and Leisure Properties (NASDAQ:GLPI) Hits New 1-Year Low – Here’s Why

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $41.87 and last traded at $42.32, with a volume of 113844 shares traded. The stock had previously closed at $42.77.

Wall Street Analyst Weigh In

Several research firms recently commented on GLPI. Scotiabank boosted their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Mizuho lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Barclays dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.21.

Gaming and Leisure Properties Price Performance

The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a 50 day simple moving average of $44.65 and a 200-day simple moving average of $46.17. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 9.48 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The company had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. During the same quarter last year, the firm earned $0.95 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, December 5th. This represents a $3.12 annualized dividend and a yield of 7.4%. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Gaming and Leisure Properties by 30.0% during the third quarter. JPMorgan Chase & Co. now owns 1,787,670 shares of the real estate investment trust’s stock worth $83,323,000 after acquiring an additional 412,079 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Gaming and Leisure Properties by 141.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,416 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,417 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Gaming and Leisure Properties in the 3rd quarter worth about $3,926,000. Sunbelt Securities Inc. increased its stake in shares of Gaming and Leisure Properties by 56.5% in the third quarter. Sunbelt Securities Inc. now owns 53,195 shares of the real estate investment trust’s stock valued at $2,479,000 after purchasing an additional 19,201 shares during the period. Finally, Danske Bank A S bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $12,643,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.