Gaming and Leisure Properties (NASDAQ:GLPI) Rating Lowered to Hold at StockNews.com

Gaming and Leisure Properties (NASDAQ:GLPI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Other equities analysts have also recently issued research reports about the stock. Raymond James raised their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Royal Bank of Canada lifted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Scotiabank boosted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. Finally, UBS Group boosted their target price on Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.18.

Gaming and Leisure Properties Stock Up 0.8 %

NASDAQ:GLPI opened at $50.87 on Monday. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 5.82 and a beta of 0.99. Gaming and Leisure Properties has a one year low of $41.80 and a one year high of $52.60. The stock has a 50-day simple moving average of $51.13 and a 200 day simple moving average of $47.60. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the business earned $0.92 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict that Gaming and Leisure Properties will post 3.67 EPS for the current fiscal year.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares of the company’s stock, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the transaction, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,363 shares of company stock valued at $2,840,781. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Gaming and Leisure Properties by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after purchasing an additional 781,906 shares during the period. DigitalBridge Group Inc. bought a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth about $16,936,000. Dimensional Fund Advisors LP increased its holdings in shares of Gaming and Leisure Properties by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock worth $185,564,000 after purchasing an additional 350,250 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Gaming and Leisure Properties by 6.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock worth $284,726,000 after purchasing an additional 341,492 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Gaming and Leisure Properties by 126.3% during the 1st quarter. National Bank of Canada FI now owns 454,732 shares of the real estate investment trust’s stock worth $20,131,000 after purchasing an additional 253,763 shares during the period. Institutional investors and hedge funds own 91.14% 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.