Gaming and Leisure Properties Inc (NASDAQ:GLPI) Receives $46.00 Consensus Target Price from Analysts

Gaming and Leisure Properties Inc (NASDAQ:GLPI) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.75.

GLPI has been the topic of a number of research reports. LADENBURG THALM/SH SH lifted their price objective on Gaming and Leisure Properties from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Investment Research downgraded Gaming and Leisure Properties from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 4th. BidaskClub raised Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Deutsche Bank boosted their target price on Gaming and Leisure Properties from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Monday.

In related news, CAO Desiree A. Burke sold 35,777 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $43.09, for a total transaction of $1,541,630.93. Following the completion of the transaction, the chief accounting officer now owns 139,944 shares in the company, valued at approximately $6,030,186.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brandon John Moore sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the transaction, the senior vice president now owns 134,535 shares of the company’s stock, valued at approximately $6,592,215. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,801 shares of company stock worth $2,463,065. Corporate insiders own 6.05% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vista Investment Management boosted its holdings in Gaming and Leisure Properties by 5.1% during the 3rd quarter. Vista Investment Management now owns 14,661 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 705 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Gaming and Leisure Properties by 6.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,417 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 544 shares during the period. Brasada Capital Management LP boosted its holdings in Gaming and Leisure Properties by 10.9% during the 4th quarter. Brasada Capital Management LP now owns 30,211 shares of the real estate investment trust’s stock valued at $1,301,000 after acquiring an additional 2,966 shares during the period. Evoke Wealth LLC purchased a new stake in shares of Gaming and Leisure Properties in the 3rd quarter worth $47,000. Finally, Millennium Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 5,109.2% in the 3rd quarter. Millennium Management LLC now owns 781,387 shares of the real estate investment trust’s stock worth $29,880,000 after buying an additional 766,387 shares during the period. Institutional investors own 78.24% of the company’s stock.

NASDAQ:GLPI traded down $1.53 during trading hours on Friday, reaching $46.34. The stock had a trading volume of 1,338,316 shares, compared to its average volume of 940,714. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.24 and a current ratio of 3.24. Gaming and Leisure Properties has a 52 week low of $35.39 and a 52 week high of $50.99. The company has a 50 day moving average price of $47.00 and a two-hundred day moving average price of $41.90. The stock has a market capitalization of $10.49 billion, a PE ratio of 25.60, a PEG ratio of 1.52 and a beta of 0.57.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Thursday, March 5th. Gaming and Leisure Properties’s dividend payout ratio is currently 81.40%.

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.

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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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