Gaming and Leisure Properties (GLPI) Upgraded at Zacks Investment Research

Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

Several other research analysts also recently issued reports on the stock. Ladenburg Thalmann Financial Services set a $40.00 price objective on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday. Bank of America lowered their target price on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a report on Friday. Morgan Stanley lowered their target price on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus 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, reaching $33.31. 2,201,256 shares of the company’s stock traded hands, compared to its average volume of 1,329,074. Gaming and Leisure Properties has a 52 week low of $30.22 and a 52 week high of $39.32. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $7,130.00, a P/E ratio of 18.51 and a beta of 0.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued 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 Thomson Reuters’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 17.28% and a net margin of 39.18%. The business had revenue of $240.70 million for the quarter, compared to analysts’ expectations of $243.27 million. During the same period in the previous year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts anticipate that Gaming and Leisure Properties will post 3.13 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Three Peaks Capital Management LLC lifted its stake in shares of Gaming and Leisure Properties by 4.8% in the third quarter. Three Peaks Capital Management LLC now owns 98,490 shares of the real estate investment trust’s stock valued at $3,294,000 after purchasing an additional 4,490 shares during the period. Strs Ohio lifted its stake in shares of Gaming and Leisure Properties by 116.8% in the second quarter. Strs Ohio now owns 295,578 shares of the real estate investment trust’s stock valued at $10,191,000 after purchasing an additional 159,212 shares during the period. Morgan Stanley lifted its stake in shares of Gaming and Leisure Properties by 58.3% in the third quarter. Morgan Stanley now owns 2,163,945 shares of the real estate investment trust’s stock valued at $72,385,000 after purchasing an additional 797,358 shares during the period. BlackRock Group LTD lifted its stake in shares of Gaming and Leisure Properties by 6.2% in the third quarter. BlackRock Group LTD now owns 1,373,733 shares of the real estate investment trust’s stock valued at $45,952,000 after purchasing an additional 79,921 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Gaming and Leisure Properties by 8.3% in the third quarter. Rhumbline Advisers now owns 233,423 shares of the real estate investment trust’s stock valued at $7,808,000 after purchasing an additional 17,816 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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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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