Gaming and Leisure Properties Inc (NASDAQ:GLPI) Given Average Recommendation of “Buy” by Analysts

Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) have earned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $42.56.

GLPI has been the topic of a number of research reports. BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley raised their price target on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a research report on Tuesday, June 11th. Stifel Nicolaus initiated coverage on SkyWest in a research report on Monday, April 15th. They set a “buy” rating and a $68.00 price target on the stock. Deutsche Bank restated a “buy” rating and set a $31.00 price target on shares of PlayAGS in a research report on Sunday, May 12th. Finally, Zacks Investment Research upgraded Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

Shares of GLPI stock traded down $0.86 on Friday, reaching $37.66. The company’s stock had a trading volume of 779,102 shares, compared to its average volume of 1,015,932. The company has a 50 day simple moving average of $39.56. Gaming and Leisure Properties has a 12-month low of $31.19 and a 12-month high of $40.82. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99. The firm has a market cap of $8.27 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.25 and a beta of 0.54.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.68 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.72 dividend on an annualized basis and a yield of 7.22%. Gaming and Leisure Properties’s payout ratio is 85.53%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLPI. Signaturefd LLC grew its stake in shares of Gaming and Leisure Properties by 100.3% during the first quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 361 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Gaming and Leisure Properties by 39.9% during the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 282 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Gaming and Leisure Properties by 50.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 602 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Gaming and Leisure Properties by 24.1% during the fourth quarter. Advisory Services Network LLC now owns 1,960 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 380 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $74,000. Institutional investors and hedge funds own 89.86% of the company’s stock.

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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