Gaming and Leisure Properties (GLPI) Lifted to “Sell” at BidaskClub

Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday, March 15th.

A number of other equities analysts also recently commented on the stock. Barclays reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. UBS raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. SunTrust Banks raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Ladenburg Thalmann set a $40.00 price objective on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Zacks Investment Research cut Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.13.

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Gaming and Leisure Properties stock traded up $0.04 during mid-day trading on Thursday, reaching $33.72. The company’s stock had a trading volume of 999,587 shares, compared to its average volume of 1,297,560. The company has a market cap of $7,189.88, a PE ratio of 10.70 and a beta of 0.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.80 and a quick ratio of 0.80. Gaming and Leisure Properties has a twelve month low of $32.51 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33). The business had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 39.18%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. equities research analysts anticipate that Gaming and Leisure Properties will post 3.05 earnings per share for the current year.

In related news, CFO William J. Clifford bought 54,606 shares of the business’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $33.00 per share, for a total transaction of $1,801,998.00. Following the completion of the purchase, the chief financial officer now owns 320,674 shares of the company’s stock, valued at approximately $10,582,242. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter M. Carlino bought 40,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $33.33 per share, for a total transaction of $1,333,200.00. Following the completion of the purchase, 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. Company insiders own 5.88% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GLPI. Focused Wealth Management Inc bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $100,000. American International Group Inc. bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $160,000. Ladenburg Thalmann Financial Services Inc. raised its stake 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 valued at $196,000 after purchasing an additional 1,679 shares in the last quarter. Signition LP bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $224,000. Finally, Stifel Financial Corp bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at about $249,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

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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.

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

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