Gaming and Leisure Properties Inc (GLPI) Receives Consensus Recommendation of “Buy” from Analysts

Gaming and Leisure Properties Inc (NASDAQ:GLPI) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.25.

A number of equities analysts have recently issued reports on GLPI shares. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, October 31st. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday, October 30th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Barclays reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th.

In related news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.88% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its holdings in Gaming and Leisure Properties by 11.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock valued at $26,513,000 after acquiring an additional 73,869 shares during the period. Forsta AP Fonden lifted its holdings in Gaming and Leisure Properties by 36.6% in the third quarter. Forsta AP Fonden now owns 100,300 shares of the real estate investment trust’s stock valued at $3,700,000 after acquiring an additional 26,900 shares during the period. Swiss National Bank lifted its holdings in Gaming and Leisure Properties by 1.0% in the second quarter. Swiss National Bank now owns 328,799 shares of the real estate investment trust’s stock valued at $12,386,000 after acquiring an additional 3,400 shares during the period. Parametrica Management Ltd lifted its holdings in Gaming and Leisure Properties by 54.6% in the third quarter. Parametrica Management Ltd now owns 15,958 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 5,639 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in Gaming and Leisure Properties in the third quarter valued at $289,000. 92.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Gaming and Leisure Properties (GLPI) traded down $0.09 on Tuesday, hitting $36.36. 1,115,008 shares of the stock were exchanged, compared to its average volume of 1,062,700. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $7,720.00, a price-to-earnings ratio of 20.20 and a beta of 0.57. Gaming and Leisure Properties has a twelve month low of $30.22 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business 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 company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. analysts expect that Gaming and Leisure Properties will post 3.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is presently 140.00%.

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About Gaming and Leisure Properties

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.

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

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