Mizuho Increases Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $53.00

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price target increased by Mizuho from $51.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price target points to a potential upside of 14.65% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JMP Securities reissued a "market outperform" rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Barclays lowered their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company increased their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.11.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI traded down $0.26 during trading hours on Thursday, reaching $46.23. 390,375 shares of the company traded hands, compared to its average volume of 1,233,812. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.60. The stock has a market cap of $12.70 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.01 and a beta of 0.72. The firm's 50-day moving average is $49.59 and its 200-day moving average is $49.61. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Equities research analysts expect that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 1,903 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.99, for a total value of $98,936.97. Following the transaction, the senior vice president now directly owns 41,298 shares of the company's stock, valued at $2,147,083.02. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the sale, the director now directly owns 140,953 shares of the company's stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,933 shares of company stock worth $2,533,487. 4.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently made changes to their positions in GLPI. Dodge & Cox boosted its stake in shares of Gaming and Leisure Properties by 75.3% in the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock valued at $650,094,000 after purchasing an additional 5,797,299 shares during the period. Norges Bank purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $176,123,000. Raymond James Financial Inc. purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $49,188,000. Northern Trust Corp grew its stake in shares of Gaming and Leisure Properties by 48.2% during the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust's stock valued at $138,364,000 after acquiring an additional 933,842 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after acquiring an additional 889,698 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.