Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.55.

Several research analysts have weighed in on the stock. Nomura assumed coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, September 26th. They set a “neutral” rating and a $39.00 target price on the stock. Deutsche Bank upped their target price on shares of 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 lowered their target price on shares of Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, November 16th. ValuEngine upgraded shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, October 4th.

GLPI traded down $0.16 on Friday, hitting $34.72. 1,478,200 shares of the company were exchanged, compared to its average volume of 1,260,692. The company has a current ratio of 10.00, a quick ratio of 10.00 and a debt-to-equity ratio of 2.31. Gaming and Leisure Properties has a fifty-two week low of $32.51 and a fifty-two week high of $37.29. The firm has a market capitalization of $7.29 billion, a P/E ratio of 11.02, a PEG ratio of 1.26 and a beta of 0.76.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The company had revenue of $254.14 million for the quarter, compared to analyst estimates of $255.55 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that Gaming and Leisure Properties will post 3.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.68 dividend. The ex-dividend date is Thursday, December 13th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 7.83%. Gaming and Leisure Properties’s dividend payout ratio is currently 80.00%.

In other Gaming and Leisure Properties news, Director Joseph W. Marshall III purchased 1,000 shares of the stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $33.33 per share, for a total transaction of $33,330.00. Following the completion of the transaction, the director now directly owns 27,081 shares of the company’s stock, valued at $902,609.73. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director E Scott Urdang purchased 14,000 shares of the stock in a transaction dated Monday, November 5th. The stock was acquired at an average price of $33.72 per share, for a total transaction of $472,080.00. Following the completion of the transaction, the director now directly owns 76,971 shares of the company’s stock, valued at $2,595,462.12. The disclosure for this purchase can be found here. Insiders bought 26,000 shares of company stock worth $873,910 over the last quarter. Company insiders own 5.88% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GLPI. Vanguard Group Inc. grew its position in shares of Gaming and Leisure Properties by 9.1% in the third quarter. Vanguard Group Inc. now owns 30,677,165 shares of the real estate investment trust’s stock valued at $1,081,370,000 after purchasing an additional 2,553,357 shares during the last quarter. Marshall Wace LLP grew its position in shares of Gaming and Leisure Properties by 356.1% in the third quarter. Marshall Wace LLP now owns 1,989,462 shares of the real estate investment trust’s stock valued at $70,129,000 after purchasing an additional 1,553,298 shares during the last quarter. American Century Companies Inc. grew its position in shares of Gaming and Leisure Properties by 162.3% in the third quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock valued at $70,861,000 after purchasing an additional 1,243,827 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Gaming and Leisure Properties by 14.9% in 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. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Gaming and Leisure Properties by 145.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,639,671 shares of the real estate investment trust’s stock valued at $57,799,000 after buying an additional 972,400 shares during the period. Institutional investors and hedge funds own 87.09% of the company’s stock.

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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