Gaming and Leisure Properties Inc (NASDAQ:GLPI) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $39.80.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, October 30th.

Gaming and Leisure Properties (NASDAQ:GLPI) traded up $0.03 on Friday, reaching $36.03. 564,200 shares of the company’s stock were exchanged, compared to its average volume of 990,895. Gaming and Leisure Properties has a one year low of $29.32 and a one year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $7,653.72, a PE ratio of 11.41, a price-to-earnings-growth ratio of 3.78 and a beta of 0.86.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. analysts predict that Gaming and Leisure Properties will post 3.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.99%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 140.00%.

In related news, Director E Scott Urdang bought 5,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the transaction, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.88% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GLPI. Advisors Asset Management Inc. boosted its position in Gaming and Leisure Properties by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after acquiring an additional 731 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in Gaming and Leisure Properties during the second quarter worth about $2,181,000. Systematic Financial Management LP boosted its position in Gaming and Leisure Properties by 44.4% during the second quarter. Systematic Financial Management LP now owns 498,520 shares of the real estate investment trust’s stock worth $18,779,000 after acquiring an additional 153,377 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Gaming and Leisure Properties by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after acquiring an additional 55,471 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Gaming and Leisure Properties by 11.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after acquiring an additional 73,869 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

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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. Its segments include GLP Capital, L.P.

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

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