Macquarie Cuts GLPI Price Target to $55

Macquarie kept its Outperform rating on Gaming and Leisure Properties, Inc. on October 7, 2026, while lowering its price target from $58 to $55, a 40.16% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:31 PM EDT

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Macquarie cut its price target on Gaming and Leisure Properties, Inc. ($GLPI) to $55 from $58 on October 7, 2026, and rates the stock "Outperform".

Since the rating, $GLPI is up 1.1% after 1 week and up 4.0% to date (from the $37.78 close on Oct 7, 2026).

GLPI Gaming and Leisure Properties, Inc.

$39.28 -6.70% year to date

Daily close · Oct 16, 2026

Key Points

Macquarie maintained an Outperform rating on Gaming and Leisure Properties, Inc. while trimming its price target to $55 from $58 on October 7, 2026.
Macquarie's $55 price target implies 40.16% upside from Gaming and Leisure Properties, Inc.'s ($GLPI) current $39.24 share price.
The real estate investment trust recently traded near $39.24, sitting well below its 52-week high of $49.95 ahead of its upcoming October 29 earnings release.
The company offers an annual dividend rate of $3.28 per share, translating to a dividend yield of 8.35% with a payout ratio of 92.4%.

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Macquarie kept its Outperform rating on Gaming and Leisure Properties, Inc. GLPI on October 7, 2026, while lowering its price target from $58 to $54 or rather $55. The research note outlines the firm's ongoing view on the specialty real estate investment trust, which closed at $37.78 on the day of the update.

Analyst rating track record

Macquarie vs. the S&P 500

YTD return +6.80% hypothetical

All-time return +6.80% S&P 500 +0.01%

vs. S&P 500 +6.79% ahead of the index

Hypothetical returns from Macquarie's disclosed trades, not real profit or advice. How we model this.

Macquarie's Call on Gaming and Leisure Properties

On October 7, 2026, Macquarie maintained its Outperform rating on Gaming and Leisure Properties while moving its price target down from $58 to $55. This forward-looking update follows other recent adjustments on the stock from Wall Street firms, including a downgrade to Neutral by JP Morgan on September 24 and Citizens maintaining a Market Outperform rating with a reduced target of $49 on October 2.

Other Institutional Activity in Gaming and Leisure Properties

Dodge & Cox Inc. grew its holdings by 314,922 shares, ending with 13,773,135 shares worth about $541,008,725. Principal Financial Group, Inc. reduced its stake by 1,090,385 shares, leaving it with 6,681,429 shares valued at roughly $262,446,522. Citadel Advisors Llc added 528,729 shares for a total of 6,117,830 shares worth about $240,308,354. Cohen & Steers Inc. cut its position by 2,585,308 shares, finishing with 5,622,019 shares valued at approximately $220,832,899.

Gaming and Leisure Properties, Inc. Stock Up 0.4%

The stock recently traded around $39.24 as of October 16, 2026, putting it up about 3.9% from its event-day close of $37.78. The shares sit below their 52-week high of $49.95 and above the 52-week low of $37.33.

12-month forecast

$GLPI price target

Gaming and Leisure Properties, Inc. daily closes and this analyst's $55 target. Not advice.

Recent Earnings

For the trailing twelve months, the company generated $1,655,144,960 in revenue and earnings of $3.42 per share. It posted a net margin of 58.5% and a return on equity of 19.4%, with year-over-year revenue growth reaching 9.0%. Shareholders can look toward the next earnings update scheduled for October 29, 2026.

Dividend

Gaming and Leisure Properties distributes an annual dividend rate of $3.28 per share, which gives it a dividend yield of 8.35%. The payout ratio stands at 92.4% based on recent results.

Insider Buying and Selling at Gaming and Leisure Properties, Inc.

Insiders completed several transactions earlier in the year. President Brandon J. Moore disposed of 18,374 shares valued at $882,859 on February 24, 2026. Chief Financial Officer Desiree A. Burke sold 9,804 shares at $49.02 apiece for a total of $480,592 on February 27, 2026. Director E Scott Urdang parted with 3,000 shares at $48.32 each, totaling $144,960 on June 10, 2026. On the buying side, Director Earl C Shanks picked up 10,000 shares at $42.24 per share for a total of $422,400 on August 18, 2026.

Analysts Set New Price Targets

Scotiabank maintained a Sector Perform rating on September 17, 2026, while lowering its price target to $49 from $50, and later adjusted the target further to $43 on September 24. JP Morgan downgraded the stock to Neutral on September 24. Citizens kept a Market Outperform rating on October 2 while dropping its target to $49 from $55. Across the wider analyst community, the stock holds a consensus buy recommendation with a mean price target of $51.65 across 23 analyst opinions.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. operates as a specialty real estate investment trust focused on acquiring, financing, and owning real estate property leased to gaming operators. Headquartered in Wyomissing, Pennsylvania, the firm leases out regional gaming facilities and entertainment properties. Analyst updates and institutional portfolio shifts continue to draw attention to its asset portfolio ahead of upcoming financial results.

Bottom Line

Investors will look to the upcoming earnings release on October 29, 2026, for further clarity on property performance and tenant health. Macquarie's updated target offers a fresh look at the REIT's valuation as shares trade below consensus expectations.