Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $53.68 Average PT from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $53.30.

Several equities research analysts recently commented on the company. Mizuho reduced their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, June 16th. Macquarie reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. Barclays upped their price objective on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Monday, April 28th.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the sale, the director owned 136,953 shares of the company’s stock, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 41.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,117 shares of the real estate investment trust’s stock valued at $1,593,000 after buying an additional 9,998 shares during the period. CWM LLC grew its position in Gaming and Leisure Properties by 46.8% in the 2nd quarter. CWM LLC now owns 6,089 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 1,941 shares in the last quarter. Aberdeen Group plc increased its stake in Gaming and Leisure Properties by 5.4% during the second quarter. Aberdeen Group plc now owns 442,151 shares of the real estate investment trust’s stock worth $20,640,000 after purchasing an additional 22,722 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Gaming and Leisure Properties by 85.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 13,834 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 6,357 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $1,867,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $46.68 on Monday. The firm has a 50-day simple moving average of $46.96 and a 200-day simple moving average of $48.08. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 10.17 and a beta of 0.72. Gaming and Leisure Properties has a 52 week low of $44.48 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $397.27 million. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.78 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend was Friday, June 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 120.93%.

Gaming and Leisure Properties Company Profile

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.