Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective upped by Deutsche Bank from $41.00 to $42.00 in a research note published on Wednesday. They currently have a buy rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on GLPI. BidaskClub cut shares of Gaming and Leisure Properties from a sell rating to a strong sell rating in a report on Saturday, September 22nd. Morgan Stanley raised shares of Gaming and Leisure Properties from an equal rating to a weight rating and set a $37.00 target price for the company in a report on Tuesday, July 24th. Credit Suisse Group initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, August 14th. They issued an outperform rating and a $41.00 target price for the company. Oppenheimer initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, August 14th. They issued an outperform rating and a $41.00 target price for the company. Finally, Barclays decreased their target price on shares of Gaming and Leisure Properties from $46.00 to $45.00 and set an overweight rating for the company in a report on Thursday, July 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $39.30.

NASDAQ:GLPI traded down $0.08 during mid-day trading on Wednesday, hitting $34.79. 16,484 shares of the company’s stock were exchanged, compared to its average volume of 1,116,272. Gaming and Leisure Properties has a one year low of $32.51 and a one year high of $37.32. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $7.33 billion, a P/E ratio of 11.08, a PEG ratio of 1.04 and a beta of 0.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.34). Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The business had revenue of $254.22 million for the quarter, compared to the consensus estimate of $254.40 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 4.4% on a year-over-year basis. equities research analysts expect that Gaming and Leisure Properties will post 3.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $2.52 annualized dividend and a dividend yield of 7.24%. Gaming and Leisure Properties’s payout ratio is 80.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Gaming and Leisure Properties by 2.7% during the second quarter. BlackRock Inc. now owns 14,682,501 shares of the real estate investment trust’s stock valued at $525,634,000 after purchasing an additional 388,519 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Gaming and Leisure Properties by 14.9% during the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock valued at $324,208,000 after purchasing an additional 1,174,600 shares during the last quarter. FMR LLC raised its holdings in shares of Gaming and Leisure Properties by 20.3% during the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock valued at $192,091,000 after purchasing an additional 905,752 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Gaming and Leisure Properties by 23.3% during the second quarter. Millennium Management LLC now owns 3,084,735 shares of the real estate investment trust’s stock valued at $110,434,000 after purchasing an additional 582,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Gaming and Leisure Properties by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,996,233 shares of the real estate investment trust’s stock valued at $107,266,000 after purchasing an additional 47,572 shares during the last quarter. 87.19% of the stock is owned by hedge funds and other 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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