Analysts at Jefferies Group assumed coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a research note issued on Thursday, The Fly reports. The firm set a “hold” rating on the real estate investment trust’s stock.

GLPI has been the subject of a number of other reports. Ladenburg Thalmann Financial Services set a $43.00 price objective on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Tuesday, December 19th. UBS Group upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks restated a “hold” rating and set a $38.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Finally, Barclays restated a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $40.17.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded up $0.47 during trading on Thursday, hitting $36.76. The company’s stock had a trading volume of 882,000 shares, compared to its average volume of 1,022,345. Gaming and Leisure Properties has a one year low of $30.22 and a one year high of $39.32. The stock has a market cap of $7,750.00, a price-to-earnings ratio of 20.42 and a beta of 0.57. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts forecast that Gaming and Leisure Properties will post 3.09 EPS for the current fiscal year.

In related news, Director E Scott Urdang purchased 5,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the acquisition, the director now owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.88% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $101,000. First Quadrant L P CA acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $151,000. Advisor Group Inc. increased its holdings in Gaming and Leisure Properties by 75.3% in the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares in the last quarter. Stifel Financial Corp acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $249,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Gaming and Leisure Properties by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

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Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

The Fly

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

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