BidaskClub upgraded shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Gaming and Leisure Properties from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Friday, January 25th. Barclays lifted their price target on shares of Gaming and Leisure Properties from $45.00 to $48.00 and gave the company an overweight rating in a research note on Monday, November 19th. Finally, Jefferies Financial Group decreased their price target on shares of Gaming and Leisure Properties from $41.00 to $37.00 and set a hold rating for the company in a research note on Friday, November 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $39.64.

Shares of Gaming and Leisure Properties stock opened at $38.15 on Friday. The stock has a market cap of $8.17 billion, a PE ratio of 12.11, a PEG ratio of 1.25 and a beta of 0.60. Gaming and Leisure Properties has a twelve month low of $31.19 and a twelve month high of $38.21. The company has a quick ratio of 10.00, a current ratio of 10.00 and a debt-to-equity ratio of 2.31.

In other Gaming and Leisure Properties news, Director Joseph W. Marshall III acquired 1,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of $33.33 per share, with a total value of $33,330.00. Following the completion of the purchase, the director now directly owns 27,081 shares of the company’s stock, valued at approximately $902,609.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Scott Urdang acquired 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, December 13th. The stock was acquired at an average cost of $34.27 per share, with a total value of $171,350.00. Following the purchase, the director now directly owns 81,971 shares of the company’s stock, valued at $2,809,146.17. The disclosure for this purchase can be found here. Insiders own 5.88% of the company’s stock.

A number of large investors have recently modified their holdings of GLPI. Parallel Advisors LLC grew its holdings in Gaming and Leisure Properties by 50.6% in the fourth quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Gaming and Leisure Properties by 2.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,686 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 413 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Gaming and Leisure Properties by 43.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 434 shares during the last quarter. Ffcm LLC grew its holdings in Gaming and Leisure Properties by 72.4% in the fourth quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 479 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Gaming and Leisure Properties by 1.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,107 shares of the real estate investment trust’s stock worth $1,781,000 after purchasing an additional 551 shares during the last quarter. 91.04% of the stock is owned by institutional investors.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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