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 to investors on Friday.
Several other equities research analysts have also issued reports on the stock. Truist Financial raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lowered their target price for the stock from $57.00 to $51.00 in a research note on Thursday, January 13th. Raymond James increased their target price on shares of Gaming and Leisure Properties from $52.00 to $54.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, December 8th. Berenberg Bank assumed coverage on shares of Gaming and Leisure Properties in a research note on Thursday, January 20th. They set a “buy” rating and a $54.00 target price on the stock. Citigroup assumed coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 7th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $52.43.
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NASDAQ:GLPI traded up $0.22 during mid-day trading on Friday, hitting $46.39. The company’s stock had a trading volume of 1,486,671 shares, compared to its average volume of 1,302,078. Gaming and Leisure Properties has a 1 year low of $40.71 and a 1 year high of $51.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 5.10 and a quick ratio of 5.10. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 5.16 and a beta of 1.05. The business’s fifty day moving average is $45.19 and its two-hundred day moving average is $46.89.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.36). Gaming and Leisure Properties had a net margin of 43.91% and a return on equity of 18.33%. The business had revenue of $298.34 million during the quarter, compared to analysts’ expectations of $295.10 million. During the same period in the previous year, the company posted $0.85 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties will post 3.52 EPS for the current fiscal year.
In other news, CAO Desiree A. Burke sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $48.66, for a total transaction of $267,678.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Desiree A. Burke sold 33,541 shares of the firm’s stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $48.27, for a total transaction of $1,619,024.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,976 shares of company stock valued at $2,124,025. 5.53% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. JustInvest LLC increased its holdings in shares of Gaming and Leisure Properties by 93.5% during the 4th quarter. JustInvest LLC now owns 25,066 shares of the real estate investment trust’s stock worth $1,220,000 after buying an additional 12,111 shares during the last quarter. BlackRock Inc. boosted its position in shares of Gaming and Leisure Properties by 1.3% during the 4th quarter. BlackRock Inc. now owns 15,835,618 shares of the real estate investment trust’s stock worth $770,560,000 after purchasing an additional 201,201 shares during the period. Wells Fargo & Company MN boosted its position in shares of Gaming and Leisure Properties by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 437,875 shares of the real estate investment trust’s stock worth $21,307,000 after purchasing an additional 20,261 shares during the period. Wexford Capital LP purchased a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $591,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Gaming and Leisure Properties by 17.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 795,297 shares of the real estate investment trust’s stock worth $38,699,000 after purchasing an additional 119,140 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.
Gaming and Leisure Properties Company Profile (Get Rating)
Gaming & Leisure Properties, Inc is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business.
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