Gaming and Leisure Properties (NASDAQ:GLPI) Downgraded to Hold Rating by Stifel Nicolaus

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report issued on Monday, MarketBeat reports. They presently have a $51.25 target price on the real estate investment trust's stock. Stifel Nicolaus' price objective suggests a potential upside of 7.44% from the company's current price.

Other analysts also recently issued reports about the stock. Macquarie reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Wells Fargo & Company reduced their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Royal Bank Of Canada reduced their target price on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Scotiabank reduced their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Finally, Mizuho reduced their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average price target of $53.23.

Gaming and Leisure Properties Stock Up 0.5%

Shares of Gaming and Leisure Properties stock opened at $47.70 on Monday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 1.51. The company's fifty day simple moving average is $46.92 and its two-hundred day simple moving average is $48.09. The company has a market cap of $13.11 billion, a P/E ratio of 16.98, a PEG ratio of 10.39 and a beta of 0.72. Gaming and Leisure Properties has a 12-month low of $44.48 and a 12-month 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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. Research analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director owned 136,953 shares in the company, valued at approximately $6,379,270.74. This represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.26% of the company's stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Bank Wealth Management bought a new position in Gaming and Leisure Properties during the 1st quarter valued at about $26,000. TD Private Client Wealth LLC lifted its stake in Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares during the period. Private Trust Co. NA bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $30,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 618 shares during the period. Institutional investors own 91.14% of the company's stock.

About Gaming and Leisure Properties

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.