Gaming and Leisure Properties, Inc. (GLPI) – What Are Researchers Thinking About This Stock?

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $47.36.

A number of brokerages recently issued reports on GLPI. JPMorgan Chase & Co. lowered shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Thursday, September 24th. Mizuho lowered their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Royal Bank Of Canada cut their price target on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Barclays reduced their price target on Gaming and Leisure Properties from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Finally, Scotiabank reduced their price target on Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 24th.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $42.24 per share, with a total value of $422,400.00. Following the purchase, the director owned 107,259 shares in the company, valued at approximately $4,530,620.16. This represents a 10.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. Lasalle Investment Management Securities LLC lifted its stake in shares of Gaming and Leisure Properties by 17.0% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock valued at $102,831,000 after purchasing an additional 334,933 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Gaming and Leisure Properties by 29.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 472,446 shares of the real estate investment trust’s stock worth $21,038,000 after purchasing an additional 108,741 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Gaming and Leisure Properties during the 2nd quarter worth about $41,756,000. Squarepoint Ops LLC acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $5,736,000. Finally, Bank of America Corp DE acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth approximately $54,270,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $39.10 on Friday. The stock has a market capitalization of $11.37 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.01 and a beta of 0.64. Gaming and Leisure Properties has a 12-month low of $37.33 and a 12-month high of $49.95. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.38 and a quick ratio of 5.38. The firm’s 50-day moving average is $39.30 and its two-hundred day moving average is $44.22.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The firm had revenue of $435.45 million during the quarter, compared to analyst estimates of $436.30 million. Gaming and Leisure Properties had a net margin of 55.71% and a return on equity of 18.16%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts predict that Gaming and Leisure Properties will post 4.02 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.82 per share. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a yield of 8.4%. Gaming and Leisure Properties’s dividend payout ratio is 100.31%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is a real estate investment trust focused on owning properties used by gaming and leisure businesses. The company leases its properties to casino operators, which generally manage the gaming and hospitality operations. GLPI was established in 2013 as a spin-off from Penn National Gaming, now known as PENN Entertainment. Its portfolio includes casino and related entertainment properties in multiple U.S. states, and the company grows through property acquisitions, lease arrangements and development financing.