Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks.com reports. The brokerage presently has a $45.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.95% from the stock’s current price.

According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

GLPI has been the subject of several other reports. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Credit Suisse Group restated an “outperform” rating and set a $41.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $39.00 to $43.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.20.

NASDAQ GLPI traded up $0.36 on Thursday, hitting $39.84. 1,673,000 shares of the company’s stock were exchanged, compared to its average volume of 1,378,837. The company has a debt-to-equity ratio of 2.58, a current ratio of 3.60 and a quick ratio of 3.60. Gaming and Leisure Properties has a 52 week low of $31.19 and a 52 week high of $39.99. The stock has a market capitalization of $8.50 billion, a PE ratio of 12.53, a PEG ratio of 1.43 and a beta of 0.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 14.42% and a net margin of 32.16%. The firm had revenue of $303.30 million during the quarter, compared to analysts’ expectations of $306.12 million. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts expect that Gaming and Leisure Properties will post 3.36 earnings per share for the current year.

In related news, SVP Matthew Demchyk purchased 1,000 shares of the stock in a transaction dated Wednesday, February 20th. The stock was bought at an average cost of $36.49 per share, for a total transaction of $36,490.00. Following the completion of the acquisition, the senior vice president now owns 33,500 shares of the company’s stock, valued at $1,222,415. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Desiree A. Burke sold 41,458 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $39.06, for a total transaction of $1,619,349.48. Following the transaction, the chief accounting officer now owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The disclosure for this sale can be found here. 5.88% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of Gaming and Leisure Properties by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 91,018 shares of the real estate investment trust’s stock worth $3,507,000 after buying an additional 2,108 shares in the last quarter. LPL Financial LLC increased its holdings in Gaming and Leisure Properties by 6.2% in the fourth quarter. LPL Financial LLC now owns 18,159 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 1,062 shares during the period. Fortress Investment Group LLC increased its holdings in Gaming and Leisure Properties by 5,086.0% in the fourth quarter. Fortress Investment Group LLC now owns 758,143 shares of the real estate investment trust’s stock valued at $24,495,000 after purchasing an additional 743,524 shares during the period. Deutsche Bank AG increased its holdings in Gaming and Leisure Properties by 13.3% in the third quarter. Deutsche Bank AG now owns 693,192 shares of the real estate investment trust’s stock valued at $24,431,000 after purchasing an additional 81,558 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Gaming and Leisure Properties by 0.7% in the fourth quarter. Nordea Investment Management AB now owns 563,161 shares of the real estate investment trust’s stock valued at $18,195,000 after purchasing an additional 3,913 shares during the period. Institutional investors own 88.22% of the company’s stock.

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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