Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Raised to $51.00 at Wells Fargo & Company

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price target lifted by stock analysts at Wells Fargo & Company from $50.00 to $51.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective suggests a potential downside of 1.79% from the company's previous close.

A number of other brokerages also recently commented on GLPI. Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Barclays reduced their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. Finally, Mizuho lowered their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.96.

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Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded up $1.32 during trading hours on Monday, reaching $51.93. 282,412 shares of the company traded hands, compared to its average volume of 1,099,391. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm's 50-day moving average is $48.53 and its 200-day moving average is $49.80. The stock has a market cap of $14.27 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.60.

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

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the completion of the sale, the senior vice president now owns 54,140 shares of the company's stock, valued at $2,674,516. This represents a 24.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,161 shares of company stock valued at $2,425,521 over the last 90 days. Corporate insiders own 4.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in Gaming and Leisure Properties by 106.2% during the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock worth $2,155,000 after buying an additional 23,050 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter valued at about $693,000. Aew Capital Management L P increased its position in shares of Gaming and Leisure Properties by 1,786.5% during the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock worth $36,679,000 after acquiring an additional 721,230 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Gaming and Leisure Properties by 76.1% during the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock worth $1,646,000 after acquiring an additional 13,965 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Gaming and Leisure Properties by 3.5% in the fourth quarter. QRG Capital Management Inc. now owns 152,426 shares of the real estate investment trust's stock worth $7,341,000 after acquiring an additional 5,127 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

About Gaming and Leisure Properties

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.

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