Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock Has Consensus Price Target of $47.36 According to Analysts

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $47.36.

GLPI has been the topic of several research reports. Mizuho cut their price target on Gaming and Leisure Properties from $53.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 2nd. Morgan Stanley dropped their target price on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 17th. Cantor Fitzgerald cut their price objective on Gaming and Leisure Properties from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, November 4th. Royal Bank Of Canada reduced their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a report on Thursday, September 24th.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $39.24 on Friday. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $11.42 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 2.02 and a beta of 0.64. The firm has a 50 day moving average of $39.42 and a 200-day moving average of $44.28. Gaming and Leisure Properties has a 1 year low of $37.33 and a 1 year high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The business had revenue of $435.45 million during the quarter, compared to analyst estimates of $436.30 million. Gaming and Leisure Properties had a net margin of 55.71% and a return on equity of 18.16%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. As a group, sell-side analysts anticipate that Gaming and Leisure Properties will post 4.02 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.82 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.28 annualized dividend and a dividend yield of 8.4%. Gaming and Leisure Properties’s payout ratio is presently 100.31%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.11% of the stock is owned by insiders.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Pension & Wealth Management Advisors Inc. bought a new stake in Gaming and Leisure Properties during the 3rd quarter worth approximately $29,000. Mather Group LLC. grew its holdings in shares of Gaming and Leisure Properties by 54.2% during the third quarter. Mather Group LLC. now owns 799 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 281 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter valued at approximately $30,000. Richardson Financial Services Inc. purchased a new position in Gaming and Leisure Properties during the 3rd quarter worth $31,000. Finally, Markowski Investments bought a new stake in Gaming and Leisure Properties in the 2nd quarter worth about $35,000. Institutional investors and hedge funds 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 focused on owning properties used by gaming and leisure businesses. The company leases its properties to casino operators, which generally manage the gaming and hospitality operations. GLPI was established in 2013 as a spin-off from Penn National Gaming, now known as PENN Entertainment. Its portfolio includes casino and related entertainment properties in multiple U.S. states, and the company grows through property acquisitions, lease arrangements and development financing.