Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $53.1607.

A number of equities research analysts have commented on the stock. Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price objective on the stock. in a research report on Monday, July 21st. Wells Fargo & Company dropped their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Barclays increased their price objective on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. Finally, Macquarie dropped their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several large investors have recently modified their holdings of GLPI. Renaissance Technologies LLC boosted its holdings in shares of Gaming and Leisure Properties by 196.1% in the fourth quarter. Renaissance Technologies LLC now owns 194,030 shares of the real estate investment trust’s stock valued at $9,344,000 after acquiring an additional 128,500 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Gaming and Leisure Properties by 149.8% during the fourth quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 617 shares during the period. Townsquare Capital LLC lifted its holdings in shares of Gaming and Leisure Properties by 15.4% during the fourth quarter. Townsquare Capital LLC now owns 5,397 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 719 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $346,000. Finally, XTX Topco Ltd acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $209,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Down 0.8%

Shares of NASDAQ:GLPI opened at $45.90 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The firm has a market capitalization of $12.99 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 10.05 and a beta of 0.71. The firm’s 50-day moving average is $46.85 and its two-hundred day moving average is $47.92. Gaming and Leisure Properties has a 1 year low of $44.48 and a 1 year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $397.27 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current year.

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.