Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) have earned a consensus rating of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $42.56.

GLPI has been the subject of a number of research reports. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price target on shares of Wynn Resorts in a report on Wednesday, March 20th. Stifel Nicolaus initiated coverage on shares of SkyWest in a report on Monday, April 15th. They issued a “buy” rating and a $68.00 price target for the company. Deutsche Bank reissued a “buy” rating and issued a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday.

Large investors have recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Gaming and Leisure Properties by 100.3% during the 1st quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 361 shares during the period. Quadrant Capital Group LLC boosted its stake in Gaming and Leisure Properties by 39.9% during the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 282 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Gaming and Leisure Properties by 50.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 602 shares during the last quarter. Advisory Services Network LLC boosted its stake in Gaming and Leisure Properties by 24.1% during the 4th quarter. Advisory Services Network LLC now owns 1,960 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 380 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $74,000. Institutional investors own 89.86% of the company’s stock.

Gaming and Leisure Properties stock traded down $0.08 during mid-day trading on Friday, reaching $38.53. The company had a trading volume of 12,616 shares, compared to its average volume of 1,035,446. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72. Gaming and Leisure Properties has a 52 week low of $31.19 and a 52 week high of $40.82. The stock’s 50 day simple moving average is $39.62. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.93 and a beta of 0.54.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Thursday, June 13th. Gaming and Leisure Properties’s dividend payout ratio is 85.53%.

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

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