Street Calls of the Week
Gaming & Leisure Properties Inc. (GLPI) stock reached a 52-week low of 44.45 USD, marking a significant milestone for the company. Over the past year, GLPI has experienced a decline, with its stock price decreasing by 12.35%. While this downturn reflects broader challenges within the real estate investment trust sector, particularly those focused on gaming and leisure properties, GLPI maintains solid fundamentals with a healthy current ratio of 3.02 and consistently profitable operations. InvestingPro’s Fair Value analysis suggests the stock may be currently undervalued. The 52-week low comes amid fluctuating market conditions, highlighting investor concerns and the company’s ongoing efforts to navigate the current economic landscape. With a beta of 0.75, the stock historically demonstrates lower volatility than the broader market. Discover more insights about GLPI’s performance metrics and future outlook in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Gaming and Leisure Properties, Inc. announced it will acquire the real estate assets of Sunland Park Racetrack & Casino for $183.75 million. This acquisition, expected to close in October 2025, will be added to the company’s existing lease agreement and is anticipated to increase funds from operations per share. Additionally, Gaming and Leisure Properties has priced a $1.3 billion public offering of senior notes, consisting of two tranches due in 2033 and 2037, with respective coupons of 5.250% and 5.750%.
Cantor Fitzgerald has initiated coverage on Gaming and Leisure Properties with a Neutral rating and a price target of $51.00, suggesting a potential upside. Meanwhile, JMP Securities has reiterated its Market Outperform rating with a $55.00 price target, highlighting the company’s strong commitment pipeline and balance sheet management. The firm also noted a potential sale-leaseback transaction with Bally’s, which could enhance GLPI’s asset base. These developments indicate significant financial maneuvers and strategic expansions for Gaming and Leisure Properties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.