Barclays Cuts GLPI Price Target Amid Net Lease REIT Model Update

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is included among the 14 Under-the-Radar High Dividend Stocks to Buy Now.

Barclays Cuts GLPI Price Target Amid Net Lease REIT Model Update

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On March 13, Barclays analyst Richard Hightower lowered the price recommendation on Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to $52 from $53. It maintained an Overweight rating on the shares. The firm said it updated its models across the net lease REIT space.

During the Q4 2025 earnings call, President, COO, and Secretary Brandon Moore said the company is working with a strong pipeline. Around $2.6 billion in future capital commitments is expected to be deployed over the next two years. He also noted that the balance sheet remains in good shape, which gives the company flexibility to grow without raising additional capital.

Moore pointed to recent deals to show how that capital is being put to work. The company completed the acquisition of Bally’s Lincoln for $700 million at an 8% cap rate. It also closed on the real estate tied to Cordish Live! Virginia, adding another $440 million commitment. He added that funding for Bally’s Chicago is still underway. About $740 million remains to be invested as of year-end, and the project is on track to open in the first half of 2027.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a self-administered and self-managed REIT based in Pennsylvania. Its portfolio includes about 69 gaming and related properties across 20 states.

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