BidaskClub upgraded shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a buy rating to a strong-buy rating in a report issued on Thursday morning, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank reissued a buy rating and set a $47.00 target price on shares of Gaming and Leisure Properties in a research note on Sunday, May 12th. Zacks Investment Research cut Gaming and Leisure Properties from a buy rating to a hold rating in a research note on Friday, May 10th. Stifel Nicolaus raised Gaming and Leisure Properties from a hold rating to a buy rating and raised their target price for the stock from $39.00 to $43.00 in a research note on Monday, April 15th. Finally, Credit Suisse Group reissued an outperform rating and set a $41.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $41.70.

NASDAQ:GLPI opened at $39.49 on Thursday. Gaming and Leisure Properties has a one year low of $31.19 and a one year high of $40.69. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $8.52 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.95 and a beta of 0.56.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.68 per share. The ex-dividend date is Thursday, June 13th. This represents a $2.72 annualized dividend and a yield of 6.89%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 85.53%.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $39.06, for a total transaction of $1,619,349.48. Following the completion of the sale, the chief accounting officer now owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.88% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of GLPI. Signaturefd LLC grew its stake in shares of Gaming and Leisure Properties by 100.3% in the first quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 361 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 50.6% in the fourth quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 304 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $31,000. Quadrant Capital Group LLC grew its stake in shares of Gaming and Leisure Properties by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 282 shares in the last quarter. Finally, Ffcm LLC grew its stake in shares of Gaming and Leisure Properties by 72.4% in the fourth quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 479 shares in the last quarter. 88.32% of the stock is owned by institutional investors.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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