Gaming and Leisure Properties (NASDAQ:GLPI) Downgraded by StockNews.com

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

Other equities analysts have also issued reports about the company. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research note on Friday, August 23rd. UBS Group boosted their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. Raymond James increased their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st. Royal Bank of Canada lifted their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, JMP Securities increased their price target on Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a "market outperform" rating in a report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.18.

Gaming and Leisure Properties Trading Up 1.4 %

NASDAQ:GLPI traded up $0.72 during trading hours on Monday, reaching $50.49. 1,919,907 shares of the company were exchanged, compared to its average volume of 1,311,623. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.82 and a beta of 0.99. The stock has a 50 day simple moving average of $51.11 and a 200 day simple moving average of $47.54. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data 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). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts predict that Gaming and Leisure Properties will post 3.67 EPS for the current year.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now owns 156,685 shares of the company's stock, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were 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 owns 208,977 shares of the company's stock, valued at $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director E Scott Urdang sold 5,605 shares of the business's stock in a transaction 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 sale, the director now owns 156,685 shares of the company's stock, valued at approximately $7,660,329.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,478 shares of company stock valued at $2,495,429 over the last ninety days. Corporate insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ignite Planners LLC increased its holdings in shares of Gaming and Leisure Properties by 1.8% during the second quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust's stock valued at $543,000 after purchasing an additional 220 shares during the period. EP Wealth Advisors LLC grew its position in Gaming and Leisure Properties by 0.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust's stock valued at $1,537,000 after buying an additional 220 shares in the last quarter. Ieq Capital LLC increased its stake in Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust's stock valued at $4,103,000 after buying an additional 257 shares during the period. Marshall Financial Group LLC raised its position in shares of Gaming and Leisure Properties by 1.4% during the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust's stock worth $1,076,000 after buying an additional 289 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Gaming and Leisure Properties by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust's stock worth $527,000 after acquiring an additional 299 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

About Gaming and Leisure Properties

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.

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