Ladenburg Thalmann Financial Services Analysts Give Gaming and Leisure Properties (GLPI) a $43.00 Price Target

Gaming and Leisure Properties (NASDAQ:GLPI) received a $43.00 price objective from analysts at Ladenburg Thalmann Financial Services in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Ladenburg Thalmann Financial Services’ target price indicates a potential upside of 16.97% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. UBS raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Buy” and an average target price of $40.17.

Gaming and Leisure Properties (GLPI) traded up $0.75 during trading hours on Tuesday, reaching $36.76. 1,149,200 shares of the company were exchanged, compared to its average volume of 991,415. Gaming and Leisure Properties has a 12 month low of $29.86 and a 12 month 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 capitalization of $7,820.00, a PE ratio of 11.41, a price-to-earnings-growth ratio of 3.78 and a beta of 0.57.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities analysts anticipate that Gaming and Leisure Properties will post 3.09 earnings per share for the current fiscal year.

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $36.23 per share, with a total value of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.88% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in Gaming and Leisure Properties by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 731 shares during the period. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $2,181,000. Systematic Financial Management LP grew its position in shares of 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 valued at $18,779,000 after purchasing an additional 153,377 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 valued at $47,837,000 after purchasing an additional 55,471 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of 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 valued at $26,513,000 after purchasing an additional 73,869 shares during the period. Institutional investors own 92.04% of the company’s stock.

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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.

Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)