Gaming and Leisure Properties Inc (NASDAQ:GLPI) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $42.78.

Several research firms have recently commented on GLPI. Morgan Stanley set a $47.00 price target on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a report on Friday, August 9th. Deutsche Bank restated a “buy” rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a report on Sunday, May 12th. Scotiabank began coverage on shares of Gaming and Leisure Properties in a report on Monday, July 29th. They set an “outperform” rating on the stock. Nomura set a $42.00 price target on shares of Gaming and Leisure Properties and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Monday.

NASDAQ GLPI traded down $0.84 on Wednesday, hitting $37.39. 584,214 shares of the stock were exchanged, compared to its average volume of 1,225,597. Gaming and Leisure Properties has a 52-week low of $31.19 and a 52-week high of $40.82. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99. The company has a market cap of $8.17 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. The business’s 50-day moving average price is $38.44.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 29.69% and a return on equity of 14.79%. The company had revenue of $289.01 million for the quarter, compared to analysts’ expectations of $289.64 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts forecast that Gaming and Leisure Properties will post 3.33 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in GLPI. PGGM Investments lifted its stake in shares of Gaming and Leisure Properties by 85.4% in the 1st quarter. PGGM Investments now owns 8,278,672 shares of the real estate investment trust’s stock valued at $319,308,000 after purchasing an additional 3,812,672 shares during the last quarter. LSV Asset Management lifted its position in Gaming and Leisure Properties by 200.9% during the 1st quarter. LSV Asset Management now owns 3,077,132 shares of the real estate investment trust’s stock worth $118,684,000 after acquiring an additional 2,054,581 shares during the last quarter. Norges Bank acquired a new position in Gaming and Leisure Properties during the 4th quarter worth $59,288,000. Cohen & Steers Inc. lifted its position in Gaming and Leisure Properties by 25.8% during the 2nd quarter. Cohen & Steers Inc. now owns 4,367,732 shares of the real estate investment trust’s stock worth $170,254,000 after acquiring an additional 896,341 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Gaming and Leisure Properties by 195.3% during the 2nd quarter. Invesco Ltd. now owns 1,232,828 shares of the real estate investment trust’s stock worth $48,056,000 after acquiring an additional 815,302 shares during the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.

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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