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

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target increased by equities research analysts at Mizuho from $51.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 6.39% from the stock’s current price.

A number of other equities analysts also recently weighed in on GLPI. Scotiabank decreased their target price on shares of 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. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Barclays lowered their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Finally, JMP Securities reissued a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.11.

Gaming and Leisure Properties Stock Down 1.5 %

GLPI traded down $0.74 on Thursday, hitting $49.82. The company had a trading volume of 176,461 shares, compared to its average volume of 1,222,583. The stock has a fifty day simple moving average of $49.63 and a 200-day simple moving average of $49.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a market capitalization of $13.69 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. As a group, equities analysts expect that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now directly owns 140,953 shares of the company’s stock, valued at $7,173,098.17. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,933 shares of company stock worth $2,533,487 in the last three months. 4.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Freedom Investment Management Inc. increased its stake in Gaming and Leisure Properties by 3.8% in the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 222 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 226 shares during the period. Opal Wealth Advisors LLC grew its position in Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 238 shares during the last quarter. Seeds Investor LLC increased its stake in Gaming and Leisure Properties by 3.6% in the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 254 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 262 shares in 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.