Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)‘s stock had its “hold” rating reissued by equities research analysts at SunTrust Banks, Inc. in a research note issued on Tuesday. They presently have a $38.00 target price on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 4.05% from the company’s current price.

Several other equities research analysts also recently weighed in on GLPI. Stifel Nicolaus reissued a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Barclays PLC raised their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.67.

Shares of Gaming and Leisure Properties (GLPI) traded down 0.11% during mid-day trading on Tuesday, reaching $36.52. The company’s stock had a trading volume of 722,137 shares. The company has a market cap of $7.76 billion, a P/E ratio of 20.48 and a beta of 0.88. The company has a 50-day moving average of $37.14 and a 200-day moving average of $36.90. Gaming and Leisure Properties has a 12 month low of $29.32 and a 12 month high of $39.32.

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

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Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in Gaming and Leisure Properties by 3.2% in the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 731 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in Gaming and Leisure Properties in the second quarter worth approximately $2,181,000. Systematic Financial Management LP boosted its holdings in Gaming and Leisure Properties by 44.4% in the second quarter. Systematic Financial Management LP now owns 498,520 shares of the real estate investment trust’s stock worth $18,779,000 after purchasing an additional 153,377 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Gaming and Leisure Properties by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,269,870 shares of the real estate investment trust’s stock worth $47,837,000 after purchasing an additional 55,471 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Gaming and Leisure Properties by 11.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after purchasing an additional 73,869 shares during the last quarter. Institutional investors own 89.58% of the company’s stock.

About Gaming and Leisure Properties

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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