Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $36.50.
GLPI has been the subject of a number of recent analyst reports. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, May 2nd. Deutsche Bank AG raised their price objective on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. BidaskClub cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, TheStreet raised Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research report on Monday, May 22nd.
Shares of Gaming and Leisure Properties (NASDAQ GLPI) traded up 0.81% on Tuesday, hitting $37.37. The company had a trading volume of 2,825,426 shares. Gaming and Leisure Properties has a 12-month low of $29.32 and a 12-month high of $38.89.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Gaming and Leisure Properties had a return on equity of 16.42% and a net margin of 38.01%. The firm had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $240.88 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties will post $1.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, June 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.64%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 144.19%.
In related news, Director Barry F. Schwartz acquired 10,000 shares of the stock in a transaction on Friday, June 16th. The shares were purchased at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the purchase, the director now directly owns 14,804 shares in the company, valued at $539,457.76. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.88% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 291 shares during the period. Penserra Capital Management LLC raised its position in Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 2,228 shares during the period. Geneva Advisors LLC bought a new position in Gaming and Leisure Properties during the first quarter worth approximately $201,000. Vident Investment Advisory LLC bought a new position in Gaming and Leisure Properties during the first quarter worth approximately $201,000. Finally, Neuberger Berman Group LLC bought a new position in Gaming and Leisure Properties during the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.
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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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