Gaming and Leisure Properties Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:GLPI)
Gaming and Leisure Properties (NASDAQ:GLPI) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, Analyst Ratings News reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.72.
Gaming and Leisure Properties (NASDAQ:GLPI) opened at 33.30 on Tuesday. Gaming and Leisure Properties has a 52 week low of $32.18 and a 52 week high of $53.50. The stock has a 50-day moving average of $34.17 and a 200-day moving average of $35.38. The company has a market cap of $3.741 billion and a P/E ratio of 37.76.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 44.9% on a year-over-year basis. Analysts expect that Gaming and Leisure Properties will post $2.56 EPS for the current fiscal year.
GLPI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Gaming and Leisure Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $35.30 price target on the stock. Separately, 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, July 29th. They now have a “not rated” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Gaming and Leisure Properties in a research note on Tuesday, July 1st.
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.