Gaming and Leisure Properties Upgraded by Zacks to “Neutral” (GLPI)
Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm currently has a $35.30 price objective on the stock. Zacks‘s price target indicates a potential upside of 3.55% from the stock’s previous close.
Gaming and Leisure Properties (NASDAQ:GLPI) traded down 1.04% during mid-day trading on Wednesday, hitting $34.09. The stock had a trading volume of 1,120,214 shares. Gaming and Leisure Properties has a 1-year low of $32.18 and a 1-year high of $53.50. The stock has a 50-day moving average of $34.29 and a 200-day moving average of $35.70. The company has a market cap of $3.810 billion and a P/E ratio of 65.87.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $161.53 million. The company’s quarterly revenue was up 44.9% on a year-over-year basis. On average, analysts predict that Gaming and Leisure Properties will post $2.52 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GLPI. Analysts at Telsey Advisory Group cut their price target on shares of Gaming and Leisure Properties from $41.00 to $38.00 in a research note on Tuesday. They now have a “not rated” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Gaming and Leisure Properties in a research note on Tuesday, July 1st. 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Hold” and an average target price of $42.72.
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.
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