Gaming and Leisure Properties Inc (GLPI) Receives Consensus Rating of “Hold” from Analysts

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Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.33.

A number of analysts recently commented on the stock. BidaskClub cut shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. ValuEngine cut Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Oppenheimer assumed coverage on Gaming and Leisure Properties in a report on Tuesday, August 14th. They set an “outperform” rating and a $41.00 target price for the company. Morgan Stanley upgraded Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 target price for the company in a report on Tuesday, July 24th. Finally, Credit Suisse Group assumed coverage on Gaming and Leisure Properties in a report on Tuesday, August 14th. They set an “outperform” rating and a $41.00 target price for the company.

Institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. boosted its stake in shares of Gaming and Leisure Properties by 36.6% during the 1st quarter. First Mercantile Trust Co. now owns 5,600 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,500 shares during the last quarter. Ostrum Asset Management acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $189,000. PVG Asset Management Corp acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $236,000. Rational Advisors LLC acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth about $236,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth about $273,000. Institutional investors own 87.19% of the company’s stock.

Shares of GLPI traded up $0.11 during trading hours on Friday, reaching $34.70. The stock had a trading volume of 25,395 shares, compared to its average volume of 1,063,183. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.89. Gaming and Leisure Properties has a 52 week low of $32.51 and a 52 week high of $37.43. The stock has a market cap of $7.33 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.04 and a beta of 0.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.34). Gaming and Leisure Properties had a net margin of 38.54% and a return on equity of 15.56%. The firm had revenue of $254.22 million during the quarter, compared to the consensus estimate of $254.40 million. During the same quarter in the prior year, the company earned $0.45 EPS. Gaming and Leisure Properties’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts expect that Gaming and Leisure Properties will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Thursday, September 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 80.00%.

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.

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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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