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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.7045.

GLPI has been the subject of a number of research reports. Stifel Nicolaus set a $47.75 target price on Gaming and Leisure Properties in a report on Monday, December 15th. Barclays dropped their price objective on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Mizuho set a $50.00 target price on shares of Gaming and Leisure Properties and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Finally, UBS Group reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $45.35 on Friday. The firm has a market cap of $12.83 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.51 and a beta of 0.67. The business’s 50 day moving average is $44.49 and its 200-day moving average is $45.43. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. Gaming and Leisure Properties has a 1-year low of $41.17 and a 1-year high of $52.24.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio is 113.04%.

Insider Activity at Gaming and Leisure Properties

In related news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the transaction, the senior vice president owned 65,099 shares of the company’s stock, valued at $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 36,864 shares of company stock valued at $1,650,906 in the last quarter. 4.26% of the stock is currently owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management increased its stake in Gaming and Leisure Properties by 62.3% in the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at $29,000. REAP Financial Group LLC raised its holdings in shares of Gaming and Leisure Properties by 66.0% during the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 264 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Gaming and Leisure Properties by 89.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 309 shares in the last quarter. Finally, Quent Capital LLC bought a new position in Gaming and Leisure Properties in the third quarter valued at about $31,000. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.