Stifel Nicolaus reiterated their hold rating on shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in a research report released on Friday, July 28th. They currently have a $39.00 price target on the real estate investment trust’s stock.
Several other equities analysts also recently weighed in on GLPI. TheStreet upgraded Gaming and Leisure Properties from a c+ rating to a b rating in a research report on Monday, May 22nd. Zacks Investment Research downgraded Gaming and Leisure Properties from a buy rating to a hold rating in a research report on Tuesday, May 30th. BidaskClub downgraded Gaming and Leisure Properties from a buy rating to a hold rating in a research report on Wednesday, July 12th. Ladenburg Thalmann Financial Services began coverage on Gaming and Leisure Properties in a research report on Friday, June 2nd. They issued a buy rating and a $41.00 target price on the stock. Finally, Deutsche Bank AG raised their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $38.50.
Gaming and Leisure Properties (NASDAQ GLPI) opened at 38.24 on Friday. Gaming and Leisure Properties has a 52 week low of $29.32 and a 52 week high of $38.89.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.32. The firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. On average, equities analysts predict that Gaming and Leisure Properties will post $1.80 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.63 per share. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a yield of 6.59%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 139.33%.
In related news, Director Barry F. Schwartz acquired 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 completion of the transaction, the director now owns 14,804 shares in the company, valued at approximately $539,457.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.88% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its stake in Gaming and Leisure Properties by 1.2% in the second quarter. Teacher Retirement System of Texas now owns 15,767 shares of the real estate investment trust’s stock worth $594,000 after buying an additional 188 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Gaming and Leisure Properties by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,109 shares of the real estate investment trust’s stock worth $1,006,000 after buying an additional 195 shares in the last quarter. Commerce Bank increased its stake in Gaming and Leisure Properties by 2.2% in the first quarter. Commerce Bank now owns 9,100 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 200 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Gaming and Leisure Properties by 1.5% in the first quarter. Pinnacle Associates Ltd. now owns 13,597 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 200 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Gaming and Leisure Properties by 1.7% in the first quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 200 shares in the last quarter. Institutional investors own 89.27% of the company’s stock.
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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