Gaming and Leisure Properties Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:GLPI)
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.63.
GLPI has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Gaming and Leisure Properties in a research note on Tuesday, July 1st. Separately, analysts at Zacks downgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 24th. They now have a $31.40 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Gaming and Leisure Properties from $40.00 to $34.00 in a research note on Wednesday, June 18th. They now have an “in-line” rating on the stock.
Gaming and Leisure Properties (NASDAQ:GLPI) traded down 0.17% during mid-day trading on Wednesday, hitting $34.74. 32,998 shares of the company’s stock traded hands. Gaming and Leisure Properties has a 52-week low of $32.18 and a 52-week high of $53.50. The stock’s 50-day moving average is $33.96 and its 200-day moving average is $36.51. The company has a market cap of $3.883 billion and a price-to-earnings ratio of 66.54.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.06. On average, analysts predict that Gaming and Leisure Properties will post $2.53 earnings per share for the current fiscal year.
Gaming and Leisure Properties, Inc (NASDAQ:GLPI) is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.