Gaming and Leisure Properties (GLPI) PT Set at $40.00 by Ladenburg Thalmann Financial Services

Gaming and Leisure Properties (NASDAQ:GLPI) has been assigned a $40.00 price target by stock analysts at Ladenburg Thalmann Financial Services in a report issued on Monday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Ladenburg Thalmann Financial Services’ price target indicates a potential upside of 20.08% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Bank of America lowered their price objective on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a research note on Friday. Stifel Nicolaus restated a “hold” rating on shares of Gaming and Leisure Properties in a research note on Friday. BidaskClub upgraded shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks restated a “hold” rating and issued a $38.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.13.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded down $0.25 during trading on Monday, hitting $33.31. 2,201,256 shares of the stock traded hands, compared to its average volume of 1,329,074. The firm has a market capitalization of $7,130.00, a P/E ratio of 18.51 and a beta of 0.51. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. Gaming and Leisure Properties has a twelve month low of $30.22 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.33). The company had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.28% and a net margin of 39.18%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. analysts anticipate that Gaming and Leisure Properties will post 3.13 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of GLPI. Advisor Group Inc. boosted its stake in Gaming and Leisure Properties by 75.3% during the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,998 shares in the last quarter. First Quadrant L P CA acquired a new stake in Gaming and Leisure Properties during the third quarter worth $151,000. American International Group Inc. acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth $160,000. Signition LP acquired a new stake in Gaming and Leisure Properties during the fourth quarter worth $224,000. Finally, Stifel Financial Corp acquired a new stake in Gaming and Leisure Properties during the third quarter worth $249,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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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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