Gaming and Leisure Properties Inc. (NASDAQ:GLPI) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Deutsche Bank AG increased their price target on shares of Gaming and Leisure Properties from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Finally, Morgan Stanley upgraded shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $38.00 in a research note on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.22.

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

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded up 0.93% during trading on Tuesday, reaching $32.48. 608,901 shares of the company were exchanged. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 26.03 and a beta of 1.01. The stock’s 50-day moving average is $33.46 and its 200-day moving average is $33.71. Gaming and Leisure Properties has a 52-week low of $24.21 and a 52-week high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.33. The business earned $207.36 million during the quarter, compared to the consensus estimate of $211.68 million. Gaming and Leisure Properties had a return on equity of 41.29% and a net margin of 26.72%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities research analysts predict that Gaming and Leisure Properties will post $2.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Monday, September 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend was Thursday, September 8th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.56. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 200.00%.

In other news, CFO William J. Clifford sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $35.33, for a total transaction of $3,533,000.00. Following the sale, the chief financial officer now owns 176,820 shares of the company’s stock, valued at approximately $6,247,050.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Desiree A. Burke sold 16,519 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $35.10, for a total transaction of $579,816.90. Following the sale, the senior vice president now directly owns 48,149 shares in the company, valued at approximately $1,690,029.90. The disclosure for this sale can be found here. Insiders own 22.36% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter worth about $136,000. American International Group Inc. increased its stake in shares of Gaming and Leisure Properties by 5.1% in the second quarter. American International Group Inc. now owns 4,615 shares of the company’s stock worth $159,000 after buying an additional 225 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in shares of Gaming and Leisure Properties by 2.0% in the first quarter. BlackRock Japan Co. Ltd now owns 4,933 shares of the company’s stock worth $153,000 after buying an additional 99 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $202,000. Finally, Geneva Advisors LLC bought a new stake in shares of Gaming and Leisure Properties during the second quarter worth about $207,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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. The Company’s segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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