Gaming and Leisure Properties (NASDAQ:GLPI) had its target price lifted by Barclays from $45.00 to $48.00 in a report issued on Monday. They currently have an overweight rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. BidaskClub cut Gaming and Leisure Properties from a hold rating to a sell rating in a research report on Wednesday, August 8th. ValuEngine upgraded Gaming and Leisure Properties from a sell rating to a hold rating in a research report on Friday, September 28th. Oppenheimer assumed coverage on Gaming and Leisure Properties in a research report on Tuesday, August 14th. They set an outperform rating and a $41.00 price target for the company. Jefferies Financial Group dropped their price target on Gaming and Leisure Properties from $41.00 to $37.00 and set a hold rating for the company in a research report on Friday, November 16th. Finally, Nomura assumed coverage on Gaming and Leisure Properties in a report on Wednesday, September 26th. They issued a neutral rating and a $39.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $39.55.

Shares of GLPI opened at $33.31 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. Gaming and Leisure Properties has a one year low of $32.51 and a one year high of $37.29. The company has a market cap of $7.10 billion, a P/E ratio of 10.69, a PEG ratio of 1.23 and a beta of 0.75.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The firm had revenue of $254.14 million for the quarter, compared to analysts’ expectations of $255.55 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Gaming and Leisure Properties will post 3.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.68 dividend. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Thursday, December 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 80.00%.

In related news, Director David A. Handler bought 11,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was bought at an average cost of $33.50 per share, for a total transaction of $368,500.00. Following the acquisition, the director now directly owns 323,461 shares in the company, valued at $10,835,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang purchased 14,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was acquired at an average cost of $33.72 per share, for a total transaction of $472,080.00. Following the purchase, the director now owns 76,971 shares in the company, valued at $2,595,462.12. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 26,000 shares of company stock valued at $873,910. 5.88% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Gaming and Leisure Properties by 2.4% in the 3rd quarter. BlackRock Inc. now owns 15,037,257 shares of the real estate investment trust’s stock valued at $530,065,000 after purchasing an additional 354,756 shares during the last quarter. Bamco Inc. NY lifted its stake in shares of Gaming and Leisure Properties by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 10,429,965 shares of the real estate investment trust’s stock valued at $367,656,000 after purchasing an additional 31,324 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Gaming and Leisure Properties by 11.3% in the 3rd quarter. Renaissance Technologies LLC now owns 10,081,712 shares of the real estate investment trust’s stock valued at $355,380,000 after purchasing an additional 1,025,623 shares during the last quarter. FMR LLC lifted its stake in shares of Gaming and Leisure Properties by 20.3% in the 2nd 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 during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Gaming and Leisure Properties by 23.3% in the 2nd 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 during the last quarter. 88.22% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

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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