Mizuho Issues Pessimistic Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) had its price objective decreased by stock analysts at Mizuho from $53.00 to $48.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Mizuho's target price points to a potential upside of 4.53% from the company's previous close.

A number of other analysts have also recently commented on the company. Scotiabank dropped their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Barclays lifted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Macquarie reiterated an "outperform" rating and set a $60.00 target price on shares of Gaming and Leisure Properties in a report on Friday, April 25th. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Finally, Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded down $0.28 during mid-day trading on Monday, reaching $45.92. The stock had a trading volume of 1,023,670 shares, compared to its average volume of 1,326,671. Gaming and Leisure Properties has a 12-month low of $43.20 and a 12-month high of $52.60. The company has a market cap of $12.62 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. The business has a 50-day simple moving average of $47.24 and a 200 day simple moving average of $48.38. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. During the same quarter last year, the business posted $0.92 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Insider Activity

In other news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the transaction, the director now owns 136,953 shares of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.26% of the company's stock.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds and other institutional investors have recently bought and sold shares of GLPI. Alpine Bank Wealth Management purchased a new stake in Gaming and Leisure Properties in the first quarter worth $26,000. TD Private Client Wealth LLC grew its stake in Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares during the period. Private Trust Co. NA purchased a new stake in Gaming and Leisure Properties in the first quarter worth $28,000. Cullen Frost Bankers Inc. grew its stake in Gaming and Leisure Properties by 1,872.7% in the first 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. Finally, Wayfinding Financial LLC purchased a new stake in Gaming and Leisure Properties in the first quarter worth $33,000. 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.