Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.
A number of other research analysts have also weighed in on GLPI. Bank of America reduced their target price on Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating for the company in a report on Friday, February 9th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday, February 9th. Morgan Stanley reduced their target price on Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Zacks Investment Research raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, Ladenburg Thalmann Financial Services set a $43.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.13.
Gaming and Leisure Properties (NASDAQ:GLPI) opened at $34.06 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $7,217.60, a PE ratio of 19.13 and a beta of 0.85. Gaming and Leisure Properties has a twelve month low of $31.12 and a twelve month high of $39.32.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.33). The company had revenue of $240.70 million for the quarter, compared to analysts’ expectations of $243.27 million. Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.31%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. equities research analysts expect that Gaming and Leisure Properties will post 3.05 earnings per share for the current fiscal year.
In other Gaming and Leisure Properties news, CFO William J. Clifford acquired 54,606 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $33.00 per share, with a total value of $1,801,998.00. Following the completion of the acquisition, the chief financial officer now owns 320,674 shares of the company’s stock, valued at $10,582,242. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter M. Carlino acquired 40,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $33.33 per share, with a total value of $1,333,200.00. Following the acquisition, the chief executive officer now directly owns 4,388,089 shares of the company’s stock, valued at approximately $146,255,006.37. The disclosure for this purchase can be found here. 5.88% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Focused Wealth Management Inc purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $100,000. American International Group Inc. purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $160,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Gaming and Leisure Properties by 46.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 1,679 shares in the last quarter. Signition LP purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $224,000. Finally, Stifel Financial Corp purchased a new position in shares of Gaming and Leisure Properties during the third quarter worth about $249,000. 92.73% of the stock is owned by institutional investors.
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About Gaming and Leisure Properties
Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.
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