Gaming and Leisure Properties (GLPI) Earns Hold Rating from Analysts at Jefferies Group
Equities researchers at Jefferies Group began coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a report released on Thursday, The Fly reports. The brokerage set a “hold” rating on the real estate investment trust’s stock.
A number of other analysts have also weighed in on GLPI. SunTrust Banks restated a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Ladenburg Thalmann Financial Services set a $41.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, October 31st. UBS Group upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Barclays reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.17.
Shares of Gaming and Leisure Properties (GLPI) traded up $0.47 during midday trading on Thursday, hitting $36.76. The company had a trading volume of 882,000 shares, compared to its average volume of 1,022,345. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $7,750.00, a price-to-earnings ratio of 20.42 and a beta of 0.57. Gaming and Leisure Properties has a 12-month low of $30.22 and a 12-month high of $39.32.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $244.50 million during the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. Gaming and Leisure Properties’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. equities research analysts anticipate that Gaming and Leisure Properties will post 3.09 earnings per share for the current year.
In other news, Director E Scott Urdang bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.88% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLPI. Mckinley Capital Management LLC Delaware acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $101,000. Advisor Group Inc. grew its position in Gaming and Leisure Properties by 75.3% during the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 1,998 shares during the period. First Quadrant L P CA acquired a new stake in Gaming and Leisure Properties during the 3rd quarter worth about $151,000. Stifel Financial Corp acquired a new stake in Gaming and Leisure Properties during the 3rd quarter worth about $249,000. Finally, The Manufacturers Life Insurance Company grew its position in Gaming and Leisure Properties by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 473 shares during the period. 92.04% of the stock is currently owned by hedge funds and other institutional investors.
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.
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