Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives Consensus Recommendation of “Hold” from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six 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 $52.9423.

GLPI has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $51.00 target price on the stock. Mizuho lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Finally, Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 target price on the stock. in a report on Monday, July 21st.

Gaming and Leisure Properties Stock Down 1.2%

Gaming and Leisure Properties stock opened at $44.44 on Wednesday. The company has a market capitalization of $12.58 billion, a P/E ratio of 17.22, a P/E/G ratio of 9.79 and a beta of 0.74. The firm’s fifty day simple moving average is $46.58 and its 200-day simple moving average is $46.87. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties has a 1-year low of $44.21 and a 1-year high of $52.27.

Gaming and Leisure Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 120.93%.

Insider Buying and Selling

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the transaction, the director owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. raised its holdings in Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 211 shares during the period. TD Private Client Wealth LLC grew its position in Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. Spire Wealth Management grew its position in Gaming and Leisure Properties by 62.3% in the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares during the last quarter. Woodward Diversified Capital LLC grew its position in Gaming and Leisure Properties by 5.8% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 243 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its position in Gaming and Leisure Properties by 4.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 261 shares during the last quarter. 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.