Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Lowered to $45.00 at Wells Fargo & Company

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective decreased by equities research analysts at Wells Fargo & Company from $48.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 2.65% from the company’s current price.

GLPI has been the topic of a number of other research reports. UBS Group set a $49.00 target price on Gaming and Leisure Properties in a research report on Thursday, June 18th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $52.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Weiss Ratings cut shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Stifel Nicolaus set a $50.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Finally, Morgan Stanley lifted their target price on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.55.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $43.84 on Wednesday. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.90 and a beta of 0.66. Gaming and Leisure Properties has a twelve month low of $41.17 and a twelve month high of $49.95. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average of $46.11 and a 200 day moving average of $46.25.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company had revenue of $419.99 million for the quarter, compared to the consensus estimate of $417.15 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Sell-side analysts anticipate that Gaming and Leisure Properties will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 127,429 shares in the company, valued at approximately $6,157,369.28. This trade represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of large investors have recently modified their holdings of GLPI. First Trust Advisors LP grew its stake in Gaming and Leisure Properties by 78.7% during the 2nd quarter. First Trust Advisors LP now owns 283,963 shares of the real estate investment trust’s stock valued at $13,255,000 after acquiring an additional 125,098 shares in the last quarter. Cerity Partners LLC lifted its stake in Gaming and Leisure Properties by 18.6% in the 2nd quarter. Cerity Partners LLC now owns 10,233 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,608 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Gaming and Leisure Properties by 16.6% during the 2nd quarter. Bank of Nova Scotia now owns 18,603 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 2,646 shares during the last quarter. AXA S.A. boosted its holdings in shares of Gaming and Leisure Properties by 478.5% during the 2nd quarter. AXA S.A. now owns 39,543 shares of the real estate investment trust’s stock worth $1,846,000 after purchasing an additional 32,708 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Gaming and Leisure Properties by 276.2% in the second quarter. Squarepoint Ops LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $3,289,000 after purchasing an additional 51,731 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

About Gaming and Leisure Properties

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.