Gaming and Leisure Properties (NASDAQ:GLPI) Earns Equal Weight Rating from Analysts at Barclays

Barclays initiated coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI - Free Report) in a research report report published on Tuesday, Marketbeat reports. The brokerage issued an equal weight rating and a $54.53 price objective on the real estate investment trust's stock.

Several other equities analysts have also commented on GLPI. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Friday, August 23rd. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Raymond James boosted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Gaming and Leisure Properties Price Performance

Shares of Gaming and Leisure Properties stock traded down $0.80 during trading on Tuesday, hitting $48.99. The stock had a trading volume of 1,274,876 shares, compared to its average volume of 1,298,595. Gaming and Leisure Properties has a 12 month low of $41.80 and a 12 month high of $52.60. The business's 50-day moving average is $50.46 and its 200 day moving average is $49.11. 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 firm has a market cap of $13.44 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.10 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released 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 analysts' expectations of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. Gaming and Leisure Properties's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.21%. Gaming and Leisure Properties's dividend payout ratio is presently 106.29%.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now owns 146,800 shares of the company's stock, valued at $7,397,252. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. increased its holdings in Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at $31,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter valued at $33,000. Farther Finance Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after buying an additional 384 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 590 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

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.