Gaming and Leisure Properties (NASDAQ:GLPI) PT Raised to $48.00 at Deutsche Bank Aktiengesellschaft

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target lifted by Deutsche Bank Aktiengesellschaft from $47.00 to $48.00 in a research report report published on Monday, Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. Mizuho reduced their price objective on Gaming and Leisure Properties from $47.00 to $46.00 and set a neutral rating for the company in a research note on Friday, May 10th. Wedbush reissued an outperform rating and issued a $51.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Wells Fargo & Company reduced their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set an equal weight rating for the company in a research note on Thursday, May 30th. Scotiabank lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a sector perform rating in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus lifted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a buy rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of Moderate Buy and a consensus price target of $51.21.

Gaming and Leisure Properties Stock Down 2.2 %

Shares of Gaming and Leisure Properties stock opened at $49.12 on Monday. Gaming and Leisure Properties has a one year low of $41.80 and a one 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 stock’s 50-day moving average is $45.67 and its 200 day moving average is $45.26. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 5.26 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $377.95 million. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that Gaming and Leisure Properties will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.04 dividend on an annualized basis and a yield of 6.19%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 112.18%.

Insider Buying and Selling

In other news, insider Desiree A. Burke 3,394 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, July 29th. The was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds have recently made changes to their positions in GLPI. Raymond James Financial Services Advisors Inc. raised its stake in shares of Gaming and Leisure Properties by 4.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 71,022 shares of the real estate investment trust’s stock valued at $3,505,000 after buying an additional 3,105 shares during the period. Zimmermann Investment Management & Planning LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $203,000. State of Michigan Retirement System raised its stake in shares of Gaming and Leisure Properties by 2.1% during the 4th quarter. State of Michigan Retirement System now owns 64,100 shares of the real estate investment trust’s stock valued at $3,163,000 after purchasing an additional 1,300 shares during the period. Trust Point Inc. bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $246,000. Finally, Arizona State Retirement System raised its stake in shares of Gaming and Leisure Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 72,184 shares of the real estate investment trust’s stock valued at $3,562,000 after purchasing an additional 608 shares during the period. 91.14% of the stock is currently owned by institutional investors.

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.