Jefferies Group started coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage issued a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on GLPI. SunTrust Banks raised shares of Gaming and Leisure Properties from a hold rating to a buy rating in a report on Thursday, January 11th. Ladenburg Thalmann Financial Services set a $43.00 target price on shares of Gaming and Leisure Properties and gave the company a buy rating in a report on Tuesday, December 19th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a buy rating to a hold rating in a report on Wednesday, November 1st. UBS Group raised shares of Gaming and Leisure Properties from a hold rating to a buy rating in a report on Tuesday, December 19th. Finally, Barclays reaffirmed a buy rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $40.17.

Gaming and Leisure Properties (NASDAQ:GLPI) traded up $0.01 during trading hours on Thursday, hitting $36.43. 1,121,554 shares of the stock traded hands, compared to its average volume of 780,414. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $7,745.13, a price-to-earnings ratio of 20.24 and a beta of 0.86. Gaming and Leisure Properties has a 52-week low of $30.22 and a 52-week high of $39.32.

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

In related news, Director E Scott Urdang purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $36.23 per share, with a total value of $181,150.00. Following the acquisition, the director now owns 55,241 shares in the company, valued at $2,001,381.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.88% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in Gaming and Leisure Properties by 2.8% in the 2nd quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock worth $546,477,000 after acquiring an additional 400,000 shares in the last quarter. BlackRock Inc. increased its holdings in Gaming and Leisure Properties by 8.5% in the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock worth $512,857,000 after acquiring an additional 1,070,254 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Gaming and Leisure Properties by 76.0% in the 3rd quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock worth $384,392,000 after acquiring an additional 4,500,479 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock worth $191,608,000 after acquiring an additional 2,353,055 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock worth $171,912,000 after acquiring an additional 4,642,536 shares in the last quarter. 92.04% of the stock is owned by 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. Its segments include GLP Capital, L.P.

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

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