Brokerages Set Gaming and Leisure Properties, Inc. (GLPI) Price Target at $38.67

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.80.

Several analysts have recently commented on GLPI shares. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, October 31st. Barclays PLC boosted their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, July 28th.

Gaming and Leisure Properties (NASDAQ GLPI) traded down $0.01 during mid-day trading on Monday, hitting $36.03. 930,200 shares of the stock traded hands, compared to its average volume of 986,348. The stock has a market cap of $7,660.00, a price-to-earnings ratio of 11.42, a PEG ratio of 3.79 and a beta of 0.58. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties has a 1 year low of $29.32 and a 1 year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. sell-side analysts forecast that Gaming and Leisure Properties will post 3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.

In other news, Director E Scott Urdang bought 5,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of $36.23 per share, with a total value of $181,150.00. Following the completion of the transaction, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.88% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in shares of Gaming and Leisure Properties by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after acquiring an additional 731 shares during the period. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth $2,181,000. Systematic Financial Management LP increased its position in shares of Gaming and Leisure Properties by 44.4% during the second quarter. Systematic Financial Management LP now owns 498,520 shares of the real estate investment trust’s stock worth $18,779,000 after acquiring an additional 153,377 shares during the period. Bank of New York Mellon Corp increased its position in shares of Gaming and Leisure Properties by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after acquiring an additional 55,471 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Gaming and Leisure Properties by 11.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after acquiring an additional 73,869 shares during the period. 88.89% of the stock is currently owned by institutional investors.

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Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

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