Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

Several other research analysts also recently commented on GLPI. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. 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. Morgan Stanley set a $47.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Nomura set a $42.00 price target on Gaming and Leisure Properties and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.22.

Gaming and Leisure Properties stock traded down $0.50 during midday trading on Tuesday, reaching $38.74. The stock had a trading volume of 638,715 shares, compared to its average volume of 1,199,401. Gaming and Leisure Properties has a 12 month low of $31.19 and a 12 month high of $40.82. The firm’s 50-day moving average price is $38.07 and its 200 day moving average price is $38.70. The firm has a market capitalization of $8.32 billion, a PE ratio of 12.18, a P/E/G ratio of 1.30 and a beta of 0.53. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 2.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 14.98% and a net margin of 29.69%. The business had revenue of $289.01 million for the quarter, compared to the consensus estimate of $289.64 million. During the same quarter in the prior year, the business earned $0.43 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts expect that Gaming and Leisure Properties will post 3.33 EPS for the current year.

In other news, SVP Matthew Demchyk acquired 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of $37.57 per share, with a total value of $187,850.00. Following the completion of the purchase, the senior vice president now owns 42,500 shares in the company, valued at $1,596,725. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.05% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GLPI. Cohen & Steers Inc. raised its position in shares of Gaming and Leisure Properties by 25.8% in the second quarter. Cohen & Steers Inc. now owns 4,367,732 shares of the real estate investment trust’s stock worth $170,254,000 after buying an additional 896,341 shares in the last quarter. LSV Asset Management raised its holdings in shares of Gaming and Leisure Properties by 10.2% in the 2nd quarter. LSV Asset Management now owns 3,392,032 shares of the real estate investment trust’s stock valued at $132,221,000 after acquiring an additional 314,900 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,077,424 shares of the real estate investment trust’s stock valued at $99,432,000 after acquiring an additional 10,015 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Gaming and Leisure Properties by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,989,909 shares of the real estate investment trust’s stock valued at $96,603,000 after acquiring an additional 55,706 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Gaming and Leisure Properties by 2,315.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,718,537 shares of the real estate investment trust’s stock valued at $105,968,000 after acquiring an additional 2,605,967 shares during the last quarter. Institutional investors and hedge funds own 89.50% of the company’s stock.

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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