BidaskClub upgraded shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a hold rating to a buy rating in a report published on Wednesday morning, BidAskClub reports.

Several other analysts have also issued reports on GLPI. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a hold rating to a sell rating in a research report on Thursday, August 22nd. Morgan Stanley set a $47.00 price target on shares of Gaming and Leisure Properties and gave the stock a buy rating in a research report on Friday, August 9th. Scotiabank initiated coverage on shares of Gaming and Leisure Properties in a research report on Monday, July 29th. They set an outperform rating on the stock. Deutsche Bank reaffirmed a buy rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Finally, Nomura set a $42.00 price target on shares of Gaming and Leisure Properties and gave the stock a hold rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $43.22.

NASDAQ GLPI opened at $39.12 on Wednesday. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 2.78. The firm’s fifty day moving average price is $37.96 and its two-hundred day moving average price is $38.60. Gaming and Leisure Properties has a 1 year low of $31.19 and a 1 year high of $40.82. The firm has a market capitalization of $8.28 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.53.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 14.98% and a net margin of 29.69%. The firm had revenue of $289.01 million for the quarter, compared to the consensus estimate of $289.64 million. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. On average, research analysts anticipate that Gaming and Leisure Properties will post 3.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Thursday, September 5th. Gaming and Leisure Properties’s payout ratio is presently 85.53%.

In related news, SVP Matthew Demchyk acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of $37.57 per share, with a total value of $187,850.00. Following the completion of the transaction, the senior vice president now directly owns 42,500 shares of the company’s stock, valued at $1,596,725. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 6.05% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Gaming and Leisure Properties by 100.3% in the first quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 361 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Gaming and Leisure Properties by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 282 shares in the last quarter. MUFG Americas Holdings Corp acquired a new position in shares of Gaming and Leisure Properties in the second quarter valued at about $38,000. DekaBank Deutsche Girozentrale grew its stake in shares of Gaming and Leisure Properties by 237.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,616 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,840 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its stake in shares of Gaming and Leisure Properties by 122.2% in the second quarter. Altshuler Shaham Ltd now owns 2,682 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,475 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

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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