Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.
A number of other brokerages have also commented on GLPI. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, May 2nd. Deutsche Bank AG increased their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. TheStreet raised Gaming and Leisure Properties from a “c+” rating to a “b” rating in a report on Monday, May 22nd. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Finally, Barclays PLC increased their target price on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.50.
Shares of Gaming and Leisure Properties (NASDAQ GLPI) opened at 38.33 on Tuesday. The firm’s 50 day moving average is $37.74 and its 200-day moving average is $35.21. Gaming and Leisure Properties has a one year low of $29.32 and a one year high of $38.89. The firm has a market capitalization of $8.14 billion, a PE ratio of 21.50 and a beta of 0.90.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by $0.32. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The firm had revenue of $243.40 million during the quarter, compared to analyst estimates of $243.77 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts predict that Gaming and Leisure Properties will post $1.80 earnings per share for the current fiscal year.
In other Gaming and Leisure Properties news, Director Barry F. Schwartz acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average cost of $36.44 per share, for a total transaction of $364,400.00. Following the transaction, the director now directly owns 14,804 shares in the company, valued at $539,457.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.88% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in Gaming and Leisure Properties during the second quarter valued at approximately $101,000. Advisor Group Inc. increased its position in Gaming and Leisure Properties by 75.3% in the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 1,998 shares in the last quarter. Penserra Capital Management LLC increased 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 valued at $149,000 after buying an additional 2,228 shares in the last quarter. Geneva Advisors LLC purchased a new position in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Finally, Vident Investment Advisory LLC purchased a new position in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Institutional investors and hedge funds 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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