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

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $52.11.

GLPI has been the topic of a number of recent analyst reports. Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Friday, August 23rd. Morgan Stanley reissued an “overweight” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, June 21st. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, July 19th. JMP Securities lifted their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, August 12th. Finally, Raymond James lifted their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $50.75 on Tuesday. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $52.60. The business’s fifty day moving average is $50.41 and its 200 day moving average is $46.70. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock has a market cap of $13.78 billion, a P/E ratio of 18.73, a P/E/G ratio of 5.36 and a beta of 0.99.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Friday, September 13th. Gaming and Leisure Properties’s payout ratio is presently 112.18%.

Insider Activity

In other news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares in the company, valued at approximately $7,660,329.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,478 shares of company stock worth $2,495,429. 4.40% of the stock is currently owned by insiders.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently bought and sold shares of GLPI. Ashton Thomas Private Wealth LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $31,000. EdgeRock Capital LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. MCF Advisors LLC lifted its position in Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 600 shares during the last quarter. Versant Capital Management Inc lifted its position in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 740 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Gaming and Leisure Properties by 578.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 590 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

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.