Gaming and Leisure Properties (NASDAQ:GLPI) Stock Rating Lowered by Truist Securities

Gaming and Leisure Properties (NASDAQ:GLPI) was downgraded by research analysts at Truist Securities from a “buy” rating to a “hold” rating in a research report issued on Thursday, Stock Target Advisor reports. They presently have a $51.00 price target on the real estate investment trust’s stock, down from their previous price target of $57.00. Truist Securities’ price target would indicate a potential upside of 14.25% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, December 15th. Citigroup started coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 7th. They issued a “buy” rating and a $55.00 price target for the company. Truist Financial upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and reduced their price target for the company from $57.00 to $51.00 in a report on Thursday. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, November 2nd. Finally, Bank of America cut shares of Gaming and Leisure Properties from a “buy” rating to an “underperform” rating in a report on Monday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Buy” and a consensus price target of $52.87.

Shares of NASDAQ GLPI opened at $44.64 on Thursday. The stock has a market cap of $10.64 billion, a P/E ratio of 17.86, a P/E/G ratio of 5.24 and a beta of 1.04. The firm has a 50 day moving average price of $46.74 and a 200 day moving average price of $47.55. The company has a debt-to-equity ratio of 2.00, a quick ratio of 4.72 and a current ratio of 4.72. Gaming and Leisure Properties has a 52-week low of $39.08 and a 52-week high of $51.46.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Wednesday, October 27th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $298.71 million during the quarter, compared to analysts’ expectations of $295.47 million. Gaming and Leisure Properties had a net margin of 47.92% and a return on equity of 21.35%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. Analysts predict that Gaming and Leisure Properties will post 3.41 earnings per share for the current fiscal year.

In other news, Director E Scott Urdang purchased 3,000 shares of the company’s stock in a transaction on Wednesday, December 15th. The shares were purchased at an average cost of $45.71 per share, with a total value of $137,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven Ladany sold 2,674 shares of the company’s stock in a transaction on Tuesday, January 4th. The stock was sold at an average price of $48.53, for a total transaction of $129,769.22. The disclosure for this sale can be found here. Insiders have sold 43,976 shares of company stock worth $2,124,025 over the last ninety days. Insiders own 5.53% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GLPI. Parisi Gray Wealth Management bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $26,000. MV Capital Management Inc. bought a new position in shares of Gaming and Leisure Properties in the third quarter valued at about $26,000. GeoWealth Management LLC acquired a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $29,000. O Shaughnessy Asset Management LLC grew its stake in shares of Gaming and Leisure Properties by 118.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 762 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 413 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $42,000. 87.15% of the stock is currently owned by institutional investors.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business.

Featured Article: How Do Tariffs Affect Trade Balances?

Stock Target Advisor logo

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

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.