Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Target Price at $52.11

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $52.11.

Several equities analysts have weighed in on GLPI shares. Wolfe Research upgraded shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Friday, August 23rd. UBS Group lifted their price target on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. StockNews.com upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Stifel Nicolaus lifted their price target on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, July 29th.

Insider Activity at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the sale, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 30th. The shares were 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 $5,621,957.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at $10,459,298.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,478 shares of company stock worth $2,495,429. 4.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Gaming and Leisure Properties during the second quarter valued at approximately $779,000. Clearbridge Investments LLC lifted its position in shares of Gaming and Leisure Properties by 4.5% during the second quarter. Clearbridge Investments LLC now owns 502,795 shares of the real estate investment trust’s stock worth $22,731,000 after purchasing an additional 21,556 shares in the last quarter. New Century Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter worth $210,000. Aurora Investment Counsel lifted its position in shares of Gaming and Leisure Properties by 1.7% during the second quarter. Aurora Investment Counsel now owns 37,734 shares of the real estate investment trust’s stock worth $1,706,000 after purchasing an additional 633 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Gaming and Leisure Properties by 0.5% during the second quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 299 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $51.45 on Tuesday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $46.74. Gaming and Leisure Properties has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a market capitalization of $13.97 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 5.36 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $377.95 million. During the same quarter last year, the business posted $0.92 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. As a group, research analysts expect that Gaming and Leisure Properties will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.91%. Gaming and Leisure Properties’s payout ratio is 112.18%.

Gaming and Leisure Properties Company Profile

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.