Analysts Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) PT at $53.93

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.15.

A number of research firms recently commented on GLPI. Stifel Nicolaus lifted their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Morgan Stanley downgraded Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 target price on the stock. in a research report on Wednesday, January 15th. StockNews.com cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, Barclays began coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price objective on the stock.

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Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now directly owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,222 shares of company stock valued at $1,624,947. Corporate insiders own 4.37% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox raised its position in Gaming and Leisure Properties by 75.3% during the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock worth $650,094,000 after acquiring an additional 5,797,299 shares during the period. Norges Bank acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth about $176,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust's stock valued at $104,213,000 after buying an additional 1,754,370 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gaming and Leisure Properties in the 4th quarter worth about $49,188,000. Finally, Northern Trust Corp increased its stake in Gaming and Leisure Properties by 48.2% during the 4th quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock worth $138,364,000 after buying an additional 933,842 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Stock Down 0.5 %

Shares of NASDAQ GLPI traded down $0.27 during midday trading on Friday, reaching $48.85. 1,694,668 shares of the company's stock traded hands, compared to its average volume of 1,036,605. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.01 and a beta of 0.99. The stock's 50 day simple moving average is $48.12 and its 200-day simple moving average is $49.77. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a one year low of $41.80 and a one year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $389.62 million for the quarter, compared to analysts' expectations of $391.54 million. On average, analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a yield of 6.22%. Gaming and Leisure Properties's dividend payout ratio is presently 105.92%.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.