Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.18.

Several research analysts have issued reports on GLPI shares. Royal Bank of Canada increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Raymond James increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a report on Wednesday, August 21st. UBS Group increased their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st.

Insider Activity at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the transaction, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the transaction, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brandon John Moore sold 30,900 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,758 shares of company stock valued at $2,717,922 in the last three months. 4.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $241,000. BNP Paribas Financial Markets grew its stake in Gaming and Leisure Properties by 128.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 362,422 shares of the real estate investment trust's stock valued at $18,647,000 after acquiring an additional 203,689 shares during the period. Brooklyn Investment Group acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $39,000. Applied Fundamental Research LLC grew its stake in Gaming and Leisure Properties by 0.7% in the 3rd quarter. Applied Fundamental Research LLC now owns 328,710 shares of the real estate investment trust's stock valued at $16,912,000 after acquiring an additional 2,123 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $1,093,000. Institutional investors and hedge funds own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 0.1 %

Shares of NASDAQ GLPI traded down $0.07 during mid-day trading on Wednesday, reaching $49.09. The company had a trading volume of 1,358,582 shares, compared to its average volume of 1,318,074. The business's 50-day moving average is $50.84 and its 200-day moving average is $48.11. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). The company had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities analysts expect that Gaming and Leisure Properties will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties's payout ratio is currently 106.29%.

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.