Equities researchers at Buckingham Research began coverage on shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) in a research report issued on Tuesday. The brokerage set a “neutral” rating on the stock.

GLPI has been the topic of a number of other research reports. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Deutsche Bank AG raised their price target on Gaming and Leisure Properties from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. TheStreet upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Morgan Stanley upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $36.00 to $38.00 in a research report on Wednesday, September 7th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $34.44.

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

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 30.65 on Tuesday. The firm’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Gaming and Leisure Properties has a one year low of $24.21 and a one year high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.33. The firm 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 firm’s quarterly revenue was up 57.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, analysts anticipate that Gaming and Leisure Properties will post $2.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.83%. The ex-dividend date is Thursday, December 1st. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 177.78%.

In other news, CFO William J. Clifford sold 157,241 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $34.78, for a total transaction of $5,468,841.98. Following the sale, the chief financial officer now directly owns 293,069 shares of the company’s stock, valued at $10,192,939.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven T. Snyder sold 181,843 shares of Gaming and Leisure Properties stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $30.20, for a total value of $5,491,658.60. Following the sale, the senior vice president now directly owns 349,225 shares in the company, valued at $10,546,595. The disclosure for this sale can be found here. 22.36% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in GLPI. TLP Group LLC raised its stake in shares of Gaming and Leisure Properties by 116.3% in the third quarter. TLP Group LLC now owns 3,595 shares of the company’s stock worth $120,000 after buying an additional 1,933 shares during the last quarter. American International Group Inc. raised 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. D.A. Davidson & CO. raised its stake in shares of Gaming and Leisure Properties by 365.6% in the third quarter. D.A. Davidson & CO. now owns 5,047 shares of the company’s stock worth $168,000 after buying an additional 3,963 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth approximately $189,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Gaming and Leisure Properties during the second quarter worth approximately $202,000. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

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

5 Day Chart for NASDAQ:GLPI

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