Gaming and Leisure Properties Inc (NASDAQ:GLPI) has earned an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.20.

A number of research analysts recently commented on the company. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services set a $43.00 price target on Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Tuesday. UBS upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th.

Gaming and Leisure Properties (NASDAQ:GLPI) traded down $0.45 during mid-day trading on Friday, reaching $36.48. The company’s stock had a trading volume of 958,948 shares, compared to its average volume of 994,602. 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 company has a market cap of $7,815.30, a PE ratio of 11.65, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86. Gaming and Leisure Properties has a 1 year low of $29.93 and a 1 year high of $39.32.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is currently 140.00%.

In related news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the transaction, the director now owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.88% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in Gaming and Leisure Properties by 60.2% in the third quarter. GSA Capital Partners LLP now owns 35,655 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 13,402 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Gaming and Leisure Properties by 4.4% in the third quarter. Sterling Capital Management LLC now owns 81,701 shares of the real estate investment trust’s stock valued at $3,014,000 after buying an additional 3,416 shares in the last quarter. Guardian Capital LP acquired a new stake in Gaming and Leisure Properties in the third quarter valued at about $335,000. California Public Employees Retirement System boosted its stake in Gaming and Leisure Properties by 9.1% in the third quarter. California Public Employees Retirement System now owns 509,918 shares of the real estate investment trust’s stock valued at $18,811,000 after buying an additional 42,383 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gaming and Leisure Properties in the third quarter valued at about $2,059,000. 92.04% of the stock is currently owned by institutional investors and hedge funds.

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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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