Barclays Forecasts Strong Price Appreciation for Gaming and Leisure Properties (NASDAQ:GLPI) Stock

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price objective upped by stock analysts at Barclays from $54.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price suggests a potential upside of 17.95% from the company's previous close.

GLPI has been the topic of several other research reports. Wells Fargo & Company lowered their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Macquarie reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Scotiabank decreased their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus downgraded Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a research report on Monday. Finally, Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and an average price target of $53.30.

Gaming and Leisure Properties Stock Down 2.2%

Shares of NASDAQ:GLPI traded down $1.07 during trading on Monday, reaching $46.63. 2,444,222 shares of the stock traded hands, compared to its average volume of 1,333,775. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market cap of $12.82 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 10.39 and a beta of 0.72. The stock has a 50-day moving average of $46.92 and a two-hundred day moving average of $48.09. Gaming and Leisure Properties has a 52-week low of $44.48 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The business had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. During the same quarter last year, the company earned $0.92 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the sale, the director directly owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.26% of the company's stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several hedge funds have recently bought and sold shares of GLPI. Dodge & Cox grew its holdings in shares of Gaming and Leisure Properties by 75.3% in the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock worth $650,094,000 after acquiring an additional 5,797,299 shares during the period. Franklin Resources Inc. boosted its stake in Gaming and Leisure Properties by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock valued at $617,938,000 after buying an additional 571,720 shares during the last quarter. Wellington Management Group LLP increased its stake in Gaming and Leisure Properties by 3.1% during the first quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock worth $588,242,000 after acquiring an additional 349,065 shares during the last quarter. Geode Capital Management LLC increased its stake in Gaming and Leisure Properties by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after acquiring an additional 165,024 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Gaming and Leisure Properties by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock valued at $242,597,000 after buying an additional 77,562 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.

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