Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $53.93 Consensus PT from Brokerages

Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $53.93.

A number of research analysts recently issued reports on GLPI shares. Barclays started coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price objective for the company. Scotiabank cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

Read Our Latest Stock Analysis on GLPI

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the sale, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,222 shares of company stock valued at $1,776,117 in the last ninety days. Corporate insiders own 4.37% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Gaming and Leisure Properties by 647.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock valued at $104,213,000 after buying an additional 1,754,370 shares during the period. Franklin Resources Inc. raised its holdings in Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after buying an additional 889,698 shares during the period. Jennison Associates LLC raised its holdings in Gaming and Leisure Properties by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after buying an additional 821,634 shares during the period. Janus Henderson Group PLC raised its holdings in Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after buying an additional 800,000 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $27,057,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Trading Down 1.8 %

Shares of NASDAQ:GLPI opened at $48.04 on Monday. The stock has a 50 day moving average of $48.80 and a 200 day moving average of $49.80. The company has a market cap of $13.18 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. 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 has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.33%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Gaming and Leisure Properties Company Profile

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Gaming & Leisure Properties, Inc engages in 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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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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