Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Lowered to $48.00 at Mizuho

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price reduced by investment analysts at Mizuho from $53.00 to $48.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 4.12% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Scotiabank reduced their price objective on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Macquarie reiterated an “outperform” rating and issued a $60.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Wells Fargo & Company dropped their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Finally, Barclays boosted their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.17.

Gaming and Leisure Properties Stock Up 0.4%

GLPI stock opened at $46.10 on Monday. Gaming and Leisure Properties has a twelve month low of $43.44 and a twelve month high of $52.60. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. The company has a market cap of $12.67 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 3.18 and a beta of 0.72. The business’s 50-day simple moving average is $47.21 and its 200 day simple moving average is $48.36.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. Gaming and Leisure Properties’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. On average, research analysts anticipate that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director now owns 136,953 shares of the company’s stock, valued at $6,379,270.74. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.26% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLPI. US Bancorp DE boosted its stake in shares of Gaming and Leisure Properties by 106.2% in the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust’s stock valued at $2,155,000 after purchasing an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Gaming and Leisure Properties by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust’s stock valued at $1,183,000 after acquiring an additional 2,498 shares during the last quarter. Aew Capital Management L P grew its holdings in Gaming and Leisure Properties by 1,786.5% during the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock worth $36,679,000 after acquiring an additional 721,230 shares during the period. Toronto Dominion Bank grew its holdings in Gaming and Leisure Properties by 2.5% during the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock worth $1,776,000 after acquiring an additional 905 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $49,188,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.