Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $52.11.

Several equities analysts have recently weighed in on GLPI shares. JMP Securities increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a "market outperform" rating in a research report on Monday, August 12th. Mizuho decreased their price target on Gaming and Leisure Properties from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a "buy" rating in a research note on Friday, July 26th.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares of the company's stock, valued at approximately $7,660,329.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the transaction, the chief operating officer now directly owns 208,977 shares of the company's stock, valued at approximately $10,459,298.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director E Scott Urdang sold 5,605 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the transaction, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds have recently added to or reduced their stakes in GLPI. Headlands Technologies LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at approximately $31,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at approximately $33,000. MCF Advisors LLC raised its position in shares of Gaming and Leisure Properties by 416.7% during the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 600 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 740 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Up 1.4 %

Shares of GLPI stock traded up $0.74 during trading on Friday, reaching $52.02. The company's stock had a trading volume of 2,201,896 shares, compared to its average volume of 1,335,723. Gaming and Leisure Properties has a one year low of $41.80 and a one year high of $52.13. The business has a fifty day moving average price of $48.16 and a 200-day moving average price of $45.86. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 5.14 and a beta of 0.98. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). The firm had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Analysts anticipate that Gaming and Leisure Properties will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.76 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.84%. Gaming and Leisure Properties's payout ratio is 112.18%.

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.