Gaming and Leisure Properties (NASDAQ:GLPI) Coverage Initiated by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $51.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 9.49% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Macquarie reduced their price target on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 20th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price on the stock. in a report on Monday, July 21st. Royal Bank Of Canada dropped their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Finally, Scotiabank lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.71.

Gaming and Leisure Properties Stock Down 1.2%

GLPI stock opened at $46.58 on Wednesday. The company’s 50-day moving average price is $46.97 and its 200 day moving average price is $47.43. The company has a market cap of $13.18 billion, a P/E ratio of 18.05, a P/E/G ratio of 10.25 and a beta of 0.75. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties has a 52 week low of $44.48 and a 52 week high of $52.27.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million during the quarter, compared to analysts’ expectations of $397.27 million. During the same period last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, research analysts expect that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of the company’s 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 transaction, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Gaming and Leisure Properties in the 2nd quarter valued at $175,169,000. Nuveen LLC acquired a new stake in Gaming and Leisure Properties during the first quarter worth $151,723,000. Balyasny Asset Management L.P. acquired a new position in Gaming and Leisure Properties in the second quarter worth about $124,785,000. Invesco Ltd. raised its holdings in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after buying an additional 2,530,463 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Gaming and Leisure Properties by 731.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock valued at $112,622,000 after purchasing an additional 1,946,575 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.