Gaming and Leisure Properties (GLPI) Earns Buy Rating from Barclays

Barclays reiterated their buy rating on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a research note issued to investors on Sunday morning.

A number of other equities analysts have also commented on the stock. 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. UBS Group raised shares of Gaming and Leisure Properties from a hold rating to a buy rating in a research report on Tuesday, December 19th. SunTrust Banks reissued a hold rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services set a $43.00 price target on shares of Gaming and Leisure Properties and gave the company a buy rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Gaming and Leisure Properties presently has a consensus rating of Buy and a consensus price target of $40.17.

Shares of Gaming and Leisure Properties (GLPI) opened at $36.94 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $7,762.15, a P/E ratio of 20.52 and a beta of 0.86. Gaming and Leisure Properties has a one year low of $29.96 and a one year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The firm had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. equities research analysts predict that Gaming and Leisure Properties will post 3.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is 140.00%.

In other news, Director E Scott Urdang purchased 5,000 shares of the company’s stock in a transaction dated 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 approximately $2,001,381.43. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new position in Gaming and Leisure Properties during the second quarter worth $101,000. First Quadrant L P CA bought a new position in Gaming and Leisure Properties during the third quarter worth $151,000. Advisor Group Inc. increased its position in Gaming and Leisure Properties by 75.3% during the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 1,998 shares during the period. Stifel Financial Corp bought a new position in Gaming and Leisure Properties during the third quarter worth $249,000. Finally, The Manufacturers Life Insurance Company increased its position in Gaming and Leisure Properties by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 473 shares during the period. 92.04% of the stock is currently owned by institutional investors and hedge funds.

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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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