Gaming and Leisure Properties Inc (NASDAQ:GLPI) has received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.50.

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. ValuEngine raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Oppenheimer assumed coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, August 14th. They set an “outperform” rating and a $41.00 target price for the company. Nomura assumed coverage on shares of Gaming and Leisure Properties in a research note on Wednesday, September 26th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Morgan Stanley raised shares of Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 target price for the company in a research note on Tuesday, July 24th.

GLPI stock traded down $0.49 during trading on Monday, reaching $33.49. 1,087,690 shares of the company’s stock were exchanged, compared to its average volume of 1,203,344. The company has a debt-to-equity ratio of 2.31, a quick ratio of 10.00 and a current ratio of 10.00. Gaming and Leisure Properties has a 1-year low of $32.51 and a 1-year high of $37.29. The firm has a market capitalization of $7.24 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.87 and a beta of 0.75.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.26). The company had revenue of $254.14 million during the quarter, compared to analyst estimates of $255.55 million. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. Equities research analysts predict that Gaming and Leisure Properties will post 3.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 8.12%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, December 13th. Gaming and Leisure Properties’s dividend payout ratio is currently 80.00%.

In other news, Director E Scott Urdang acquired 14,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 5th. The stock was bought at an average cost of $33.72 per share, with a total value of $472,080.00. Following the completion of the purchase, the director now owns 76,971 shares of the company’s stock, valued at $2,595,462.12. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.88% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of Gaming and Leisure Properties by 162.3% in the 3rd quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock valued at $70,861,000 after acquiring an additional 1,243,827 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gaming and Leisure Properties by 14.9% in the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock valued at $324,208,000 after purchasing an additional 1,174,600 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Gaming and Leisure Properties by 145.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,639,671 shares of the real estate investment trust’s stock valued at $57,799,000 after purchasing an additional 972,400 shares in the last quarter. FMR LLC lifted its holdings in shares of Gaming and Leisure Properties by 20.3% in the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock valued at $192,091,000 after purchasing an additional 905,752 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 23.3% in the second quarter. Millennium Management LLC now owns 3,084,735 shares of the real estate investment trust’s stock valued at $110,434,000 after purchasing an additional 582,081 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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