Analysts Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) PT at $51.21

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have earned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $51.21.

GLPI has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a report on Friday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. JMP Securities reissued a “market outperform” rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, July 15th. Scotiabank lifted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. Finally, Mizuho dropped their price target on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently bought and sold shares of the company. Ignite Planners LLC increased its stake in Gaming and Leisure Properties by 1.8% in the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after buying an additional 220 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Gaming and Leisure Properties by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust’s stock worth $878,000 after purchasing an additional 231 shares during the period. Securian Asset Management Inc. grew its holdings in Gaming and Leisure Properties by 1.3% during the 4th quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 289 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Gaming and Leisure Properties by 2.7% during the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 299 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Gaming and Leisure Properties by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 327 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Stock Up 0.0 %

Shares of GLPI traded up $0.01 during trading hours on Monday, hitting $49.34. The stock had a trading volume of 802,521 shares, compared to its average volume of 1,355,695. The firm has a 50 day simple moving average of $46.34 and a 200-day simple moving average of $45.39. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $50.74. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a market capitalization of $13.40 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 5.14 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. During the same period last year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that Gaming and Leisure Properties will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.16%. Gaming and Leisure Properties’s dividend payout ratio is currently 112.18%.

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.