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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Gave a Moderate Buy Consensus Rating by Analysts

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Gave a Moderate Buy Consensus Rating by Analysts


Gaming and Entertainment Features, Inc. (NASDAQ:GLPIGet a Free Report) currently has an average rating of “Moderate Buy” from the eleven rating firms that cover the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating for the company. The average twelve-month price target among analysts who have reported on the stock in the last year is $50.18.

Several brokerages have issued reports on GLPI. Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $49.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, April 29. Scotiabank raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16. Wells Fargo & Company lowered their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the stock in a research note on Thursday, May 30. StockNews.com He upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2. Finally, Wedbush reiterated an “outperform” rating and issued a $51.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, May 17.

Read Our Latest Research Report on Gaming and Entertainment Facilities

Corporate Trading of Gaming and Entertainment Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of GLPI. Foundations Investment Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 4.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,583 shares of the real estate investment trust worth $352,000 after purchasing an additional 354 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth $2,501,000. GraniteShares Advisors LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth $1,473,000. The North Carolina State Treasurer increased its stake in shares of Gaming and Leisure Properties by 19.0% in the 4th quarter. The North Carolina State Treasurer now owns 153,195 shares of the real estate investment trust’s stock worth $7,560,000 after purchasing an additional 24,489 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Gaming and Leisure Properties by 107.4% in the 4th quarter. Pacer Advisors Inc. now owns 45,803 shares of the real estate investment trust’s stock worth $2,260,000 after purchasing an additional 23,722 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Entertainment Features Price Performance

GLPI stock It opened at $45.14 on Thursday. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $50.06. The company has a quick ratio of 6.47, a current ratio of 6.47 and a debt-to-equity ratio of 1.49. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 5.30 and a beta of 0.98. The company’s fifty-day simple moving average is $44.45 and its 200-day simple moving average is $45.22.

Game and Entertainment Features (NASDAQ:GLPIGet a Free Report) last released its quarterly earnings results on Friday, April 26. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.90 (by $0.26). The company had revenue of $376.00 million for the quarter, compared to the consensus estimate of $368.44 million. Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The company’s quarterly revenue was up 5.9% from the year-ago period. The company reported earnings per share of $0.92 in the same period a year ago. Analysts, on average, expect Gaming and Leisure Properties to report earnings per share of $3.65 for the current year.

Gaming and Entertainment Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21. A dividend of $0.76 per share was paid to investors of record on Friday, June 7. This represents an annualized dividend of $3.04 and a yield of 6.73%. The ex-dividend date for this dividend was Friday, June 7. Gaming and Leisure Properties’ dividend payout ratio (DPR) is currently 112.18%.

About Gaming and Entertainment Features

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GLPI is in the business of purchasing, financing and owning real estate properties to be leased to gaming operators, under which the tenant is responsible for all facility maintenance, insurance required in connection with the leased premises and the business conducted on the leased premises, taxes levied on or with respect to the leased premises, and all utilities and other services necessary or appropriate for the leased premises and the business conducted on the leased premises.

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