Gaming and Leisure Properties Inc (GLPI) Receives Average Rating of “Hold” from Analysts
Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) have earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $39.60.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Nomura started coverage on Gaming and Leisure Properties in a research report on Wednesday, September 26th. They set a “neutral” rating and a $39.00 price objective for the company. Deutsche Bank lifted their price objective on Gaming and Leisure Properties from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Jefferies Financial Group dropped their price objective on Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, November 16th. Finally, ValuEngine upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 28th.
In related news, Director Joseph W. Marshall III purchased 1,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average cost of $33.33 per share, with a total value of $33,330.00. Following the transaction, the director now owns 27,081 shares of the company’s stock, valued at approximately $902,609.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang purchased 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average cost of $34.27 per share, for a total transaction of $171,350.00. Following the completion of the transaction, the director now directly owns 81,971 shares in the company, valued at approximately $2,809,146.17. The disclosure for this purchase can be found here. Insiders bought a total of 31,000 shares of company stock worth $1,045,260 over the last ninety days. Corporate insiders own 5.88% of the company’s stock.
Gaming and Leisure Properties stock traded up $0.37 during midday trading on Friday, reaching $35.55. The company’s stock had a trading volume of 1,619,191 shares, compared to its average volume of 1,150,162. Gaming and Leisure Properties has a fifty-two week low of $31.19 and a fifty-two week high of $36.97. The company has a debt-to-equity ratio of 2.31, a quick ratio of 10.00 and a current ratio of 10.00. The company has a market cap of $7.53 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.26). Gaming and Leisure Properties had a net margin of 38.95% and a return on equity of 16.10%. The business had revenue of $254.14 million during the quarter, compared to analyst estimates of $255.55 million. During the same period last year, the business posted $0.45 EPS. Gaming and Leisure Properties’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Gaming and Leisure Properties will post 3.1 EPS for the current year.
About Gaming and Leisure Properties
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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