Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $52.11 Average Target Price from Analysts

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $52.11.

Several research firms recently commented on GLPI. Royal Bank of Canada increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Wedbush reissued an “outperform” rating and set a $51.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. JMP Securities upped their price objective on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, August 12th. Finally, Raymond James lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares of the company’s stock, valued at $7,660,329.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now directly owns 108,073 shares in the company, valued at approximately $5,621,957.46. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock valued at $2,495,429 over the last quarter. 4.40% of the stock is owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently bought and sold shares of GLPI. Ignite Planners LLC lifted its stake in Gaming and Leisure Properties by 1.8% during the second quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 220 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 220 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of 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 valued at $878,000 after buying an additional 231 shares in the last quarter. Ieq Capital LLC grew its position in shares of Gaming and Leisure Properties by 0.3% in the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock valued at $4,103,000 after buying an additional 257 shares during the last quarter. Finally, Securian Asset Management Inc. raised its stake 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 worth $1,112,000 after acquiring an additional 289 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $51.50 on Friday. The company has a fifty day simple moving average of $48.76 and a 200-day simple moving average of $46.04. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 5.45 and a beta of 0.98. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $52.42.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results 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). The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.90%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

About Gaming and Leisure Properties

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.