Gaming and Leisure Properties Inc (GLPI) Receives Average Rating of “Buy” from Analysts

Gaming and Leisure Properties Inc (NASDAQ:GLPI) has received an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.90.

GLPI has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 19th. BidaskClub upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Jefferies Financial Group dropped their price target on shares of Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, November 16th. Finally, Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, January 9th.

Shares of GLPI traded down $0.30 during mid-day trading on Wednesday, reaching $37.54. The stock had a trading volume of 193,497 shares, compared to its average volume of 1,299,255. The firm has a market cap of $8.10 billion, a P/E ratio of 11.91, a PEG ratio of 1.25 and a beta of 0.60. Gaming and Leisure Properties has a 12 month low of $31.19 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $303.30 million during the quarter, compared to analyst estimates of $306.12 million. Gaming and Leisure Properties had a net margin of 38.95% and a return on equity of 16.10%. The company’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Equities analysts anticipate that Gaming and Leisure Properties will post 3.1 earnings per share for the current year.

In related news, Director E Scott Urdang bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average price of $34.27 per share, for a total transaction of $171,350.00. Following the completion of the transaction, the director now owns 81,971 shares in the company, valued at $2,809,146.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph W. Marshall III bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of $33.33 per share, with a total value of $33,330.00. Following the transaction, the director now owns 27,081 shares of the company’s stock, valued at approximately $902,609.73. The disclosure for this purchase can be found here. 5.88% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of GLPI. PGGM Investments bought a new position in shares of Gaming and Leisure Properties during the fourth quarter worth $144,296,000. Daiwa Securities Group Inc. boosted its position in shares of Gaming and Leisure Properties by 10,312.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,123,782 shares of the real estate investment trust’s stock worth $100,930,000 after acquiring an additional 3,093,782 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Gaming and Leisure Properties by 9.1% during the third quarter. Vanguard Group Inc now owns 30,677,165 shares of the real estate investment trust’s stock worth $1,081,370,000 after acquiring an additional 2,553,357 shares during the last quarter. Marshall Wace LLP raised its stake in Gaming and Leisure Properties by 356.1% during the third quarter. Marshall Wace LLP now owns 1,989,462 shares of the real estate investment trust’s stock valued at $70,129,000 after purchasing an additional 1,553,298 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Gaming and Leisure Properties by 162.3% during the third quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock valued at $70,861,000 after purchasing an additional 1,243,827 shares in the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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