Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $53.16 Average PT from Brokerages

Key Points

• Gaming and Leisure Properties, Inc. has received an average rating of "Moderate Buy" from analyst coverage, with 6 hold recommendations and 7 buy recommendations among 13 brokerages.
• The company's stock price objective has been adjusted by various analysts, with Barclays increasing it to $55.00 while others, like Stifel Nicolaus and Scotiabank, have lowered theirs.
• Insiders own 4.26% of the company's stock, and director E. Scott Urdang sold 3,000 shares at an average price of $46.54 recently, marking a 2.19% decrease in ownership.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.1607.

Several equities analysts recently issued reports on the stock. Macquarie cut their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company cut their price target 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. Royal Bank Of Canada reduced their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research report on Monday, April 28th. Finally, Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a report on Monday, July 21st.

Gaming and Leisure Properties Stock Up 0.5%

Shares of GLPI stock traded up $0.24 on Friday, hitting $46.79. The stock had a trading volume of 195,291 shares, compared to its average volume of 1,453,983. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average price of $46.84 and a 200 day moving average price of $47.88. The company has a market cap of $13.24 billion, a PE ratio of 18.15, a P/E/G ratio of 10.05 and a beta of 0.71. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. During the same period last year, the business posted $0.94 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insider Activity

In related news, Director E Scott Urdang sold 4,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the transaction, the director directly owned 136,953 shares of the company's stock, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Gaming and Leisure Properties during the second quarter valued at $175,169,000. Nuveen LLC purchased a new position in Gaming and Leisure Properties in the 1st quarter worth $151,723,000. Balyasny Asset Management L.P. acquired a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $124,785,000. Invesco Ltd. grew its stake in Gaming and Leisure Properties by 127.7% during the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock valued at $229,673,000 after purchasing an additional 2,530,463 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Gaming and Leisure Properties by 731.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust's stock valued at $112,622,000 after purchasing an additional 1,946,575 shares during the period. Institutional investors and hedge funds own 91.14% of the company's stock.

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.