Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) had its price target raised by Barclays PLC from $40.00 to $44.00 in a report released on Wednesday. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays PLC’s target price points to a potential upside of 15.06% from the company’s current price.

Several other equities analysts have also weighed in on GLPI. Deutsche Bank AG increased their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, May 2nd. TheStreet raised Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Ladenburg Thalmann Financial Services started coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They issued a “buy” rating and a $41.00 target price on the stock. Finally, BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.50.

Shares of Gaming and Leisure Properties (GLPI) traded up 0.31% during midday trading on Wednesday, hitting $38.24. 639,234 shares of the company were exchanged. Gaming and Leisure Properties has a one year low of $29.32 and a one year high of $38.89.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.32. Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The firm had revenue of $243.40 million for the quarter, compared to analyst estimates of $243.77 million. During the same period last year, the company earned $0.39 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. Analysts forecast that Gaming and Leisure Properties will post $1.80 EPS for the current fiscal year.

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In other Gaming and Leisure Properties news, Director Barry F. Schwartz purchased 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was bought at an average cost of $36.44 per share, for a total transaction of $364,400.00. Following the completion of the acquisition, the director now directly owns 14,804 shares of the company’s stock, valued at $539,457.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.88% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Gaming and Leisure Properties during the second quarter valued at about $101,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 291 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $116,000. TLP Group LLC increased its stake in shares of Gaming and Leisure Properties by 116.3% in the third quarter. TLP Group LLC now owns 3,595 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 1,933 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the first quarter valued at about $136,000. Institutional investors own 89.27% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.

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

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