Gaming and Leisure Properties Inc (NASDAQ:GLPI) Receives $42.56 Consensus PT from Brokerages

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Gaming and Leisure Properties Inc (NASDAQ:GLPI) has been assigned an average rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.56.

A number of research firms recently weighed in on GLPI. Stifel Nicolaus began coverage on SkyWest in a research note on Monday, April 15th. They set a “buy” rating and a $68.00 price target on the stock. BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank reaffirmed a “buy” rating and set a $31.00 price target on shares of PlayAGS in a research note on Sunday, May 12th. Morgan Stanley upped their price target on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th.

GLPI stock traded down $0.86 during trading on Friday, reaching $37.66. 779,102 shares of the stock were exchanged, compared to its average volume of 1,015,932. The business’s 50 day simple moving average is $39.56. Gaming and Leisure Properties has a twelve month low of $31.19 and a twelve month high of $40.82. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.25 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Thursday, June 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 85.53%.

Several hedge funds have recently added to or reduced their stakes in the company. PGGM Investments grew its holdings in shares of Gaming and Leisure Properties by 85.4% in the first quarter. PGGM Investments now owns 8,278,672 shares of the real estate investment trust’s stock valued at $319,308,000 after acquiring an additional 3,812,672 shares in the last quarter. Harris Associates L P grew its holdings in shares of Gaming and Leisure Properties by 6.8% in the fourth quarter. Harris Associates L P now owns 3,317,187 shares of the real estate investment trust’s stock valued at $107,178,000 after acquiring an additional 209,929 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gaming and Leisure Properties by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,077,424 shares of the real estate investment trust’s stock valued at $99,432,000 after acquiring an additional 10,015 shares in the last quarter. LSV Asset Management grew its holdings in shares of Gaming and Leisure Properties by 200.9% in the first quarter. LSV Asset Management now owns 3,077,132 shares of the real estate investment trust’s stock valued at $118,684,000 after acquiring an additional 2,054,581 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,989,909 shares of the real estate investment trust’s stock valued at $96,603,000 after acquiring an additional 55,706 shares in the last quarter. 89.86% of the stock is owned by institutional investors.

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

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