Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
Several other equities analysts have also commented on the stock. Bank of America lowered shares of Gaming and Leisure Properties from a “buy” rating to an “underperform” rating in a report on Monday, January 10th. Truist Financial raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and dropped their price target for the company from $57.00 to $51.00 in a research report on Thursday, January 13th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday. Berenberg Bank assumed coverage on shares of Gaming and Leisure Properties in a research report on Thursday, January 20th. They set a “buy” rating and a $54.00 price target for the company. Finally, Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $52.67.
Shares of GLPI stock traded down $1.83 on Friday, hitting $44.38. 2,916,540 shares of the company’s stock traded hands, compared to its average volume of 1,357,240. The company has a debt-to-equity ratio of 1.95, a quick ratio of 5.10 and a current ratio of 5.10. Gaming and Leisure Properties has a one year low of $41.81 and a one year high of $51.46. The company’s fifty day simple moving average is $45.67 and its 200 day simple moving average is $46.19. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 9.76 and a beta of 1.05.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) last released its earnings results on Thursday, April 28th. The real estate investment trust reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.37). Gaming and Leisure Properties had a net margin of 43.91% and a return on equity of 18.33%. The business had revenue of $315.00 million for the quarter, compared to the consensus estimate of $303.98 million. During the same period in the prior year, the business posted $0.84 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.55 earnings per share for the current fiscal year.
In other Gaming and Leisure Properties news, EVP Brandon John Moore sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $48.21, for a total transaction of $144,630.00. Following the completion of the sale, the executive vice president now directly owns 191,993 shares in the company, valued at approximately $9,255,982.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barry F. Schwartz acquired 2,500 shares of Gaming and Leisure Properties stock in a transaction on Monday, March 14th. The shares were purchased at an average price of $44.77 per share, with a total value of $111,925.00. The disclosure for this purchase can be found here. Company insiders own 5.53% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware increased its stake in Gaming and Leisure Properties by 2.5% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 32,157 shares of the real estate investment trust’s stock valued at $1,509,000 after purchasing an additional 788 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Gaming and Leisure Properties by 5.5% in the first quarter. SG Americas Securities LLC now owns 35,759 shares of the real estate investment trust’s stock worth $1,678,000 after acquiring an additional 1,866 shares during the period. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Gaming and Leisure Properties in the first quarter worth approximately $161,000. First Bank & Trust grew its stake in shares of Gaming and Leisure Properties by 5,650.0% in the first quarter. First Bank & Trust now owns 2,530 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 2,486 shares during the period. Finally, FCF Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 2.6% in the first quarter. FCF Advisors LLC now owns 13,780 shares of the real estate investment trust’s stock worth $647,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 87.82% 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.
