Gaming and Leisure Properties Inc. (NASDAQ:GLPI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $33.00 price objective on the stock. Zacks Investment Research’s price target would suggest a potential upside of 9.85% from the stock’s current price.

According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

GLPI has been the subject of several other research reports. Morgan Stanley upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $38.00 in a research note on Wednesday, September 7th. TheStreet upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Deutsche Bank AG upped their price target on 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.44.

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

Gaming and Leisure Properties (NASDAQ:GLPI) opened at 30.04 on Friday. Gaming and Leisure Properties has a 12 month low of $24.21 and a 12 month high of $35.98. The stock has a 50 day moving average price of $32.39 and a 200 day moving average price of $33.72.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.33. The company had revenue of $233.30 million for the quarter, compared to the consensus estimate of $234.49 million. Gaming and Leisure Properties had a return on equity of 20.85% and a net margin of 31.38%. The business’s revenue was up 57.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, equities research analysts expect that Gaming and Leisure Properties will post $2.97 earnings per share for the current year.

In other Gaming and Leisure Properties news, CFO William J. Clifford sold 157,241 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $34.78, for a total value of $5,468,841.98. Following the completion of the transaction, the chief financial officer now owns 293,069 shares of the company’s stock, valued at approximately $10,192,939.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.36% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Gaming and Leisure Properties by 102.7% in the second quarter. Vanguard Group Inc. now owns 30,056,955 shares of the company’s stock valued at $1,036,365,000 after buying an additional 15,231,804 shares during the period. Capital Research Global Investors boosted its position in Gaming and Leisure Properties by 43.6% in the third quarter. Capital Research Global Investors now owns 11,247,557 shares of the company’s stock valued at $376,231,000 after buying an additional 3,416,903 shares during the period. Cohen & Steers Inc. boosted its position in Gaming and Leisure Properties by 162.2% in the second quarter. Cohen & Steers Inc. now owns 8,730,268 shares of the company’s stock valued at $301,020,000 after buying an additional 5,400,524 shares during the period. FMR LLC boosted its position in Gaming and Leisure Properties by 840.0% in the second quarter. FMR LLC now owns 7,421,191 shares of the company’s stock valued at $255,883,000 after buying an additional 6,631,721 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Gaming and Leisure Properties by 3.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,782,014 shares of the company’s stock valued at $226,858,000 after buying an additional 226,563 shares during the period. 88.74% of the stock is owned by hedge funds and other institutional investors.

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

5 Day Chart for NASDAQ:GLPI

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