Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Receives $51.70 Consensus PT from Analysts

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $51.8636.

Several equities analysts have weighed in on GLPI shares. Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a research report on Thursday. Scotiabank decreased their target price on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, February 2nd. Mizuho set a $50.00 price target on Gaming and Leisure Properties and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $53.00 in a research note on Friday, December 12th.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, SVP Steven Ladany sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares in the company, valued at $2,914,482.23. This represents a 21.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 36,864 shares of company stock valued at $1,650,906. 4.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of hedge funds have recently modified their holdings of the stock. Rakuten Investment Management Inc. bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $1,162,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Gaming and Leisure Properties by 6.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,998,574 shares of the real estate investment trust’s stock worth $93,154,000 after purchasing an additional 124,745 shares during the period. National Pension Service boosted its stake in Gaming and Leisure Properties by 26.6% during the third quarter. National Pension Service now owns 273,012 shares of the real estate investment trust’s stock worth $12,725,000 after buying an additional 57,282 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $124,785,000. Finally, AGF Management Ltd. raised its stake in shares of Gaming and Leisure Properties by 18.1% in the 2nd quarter. AGF Management Ltd. now owns 65,248 shares of the real estate investment trust’s stock valued at $3,046,000 after buying an additional 9,992 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $46.20 on Friday. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $52.24. The firm has a 50-day moving average of $44.75 and a two-hundred day moving average of $45.40. The firm has a market capitalization of $13.08 billion, a PE ratio of 16.74, a P/E/G ratio of 2.56 and a beta of 0.67. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 6.8%. Gaming and Leisure Properties’s payout ratio is presently 113.04%.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.