Deutsche Bank Aktiengesellschaft Boosts Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $48.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $47.00 to $48.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 3.54% from the stock’s current price.

Several other research analysts also recently commented on GLPI. UBS Group raised their price target on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, May 17th. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Finally, Scotiabank lifted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.21.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded up $0.31 during trading on Monday, reaching $49.76. 275,150 shares of the stock traded hands, compared to its average volume of 1,332,652. The company has a 50-day moving average of $45.43 and a 200-day moving average of $45.18. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $49.99. The stock has a market capitalization of $13.65 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 5.82 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $377.95 million. During the same period in the previous year, the firm earned $0.92 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Gaming and Leisure Properties will post 3.66 EPS for the current fiscal year.

Institutional Trading of Gaming and Leisure Properties

Large investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at $33,000. MCF Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 600 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 740 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Gaming and Leisure Properties during the 1st quarter valued at about $42,000. 91.14% of the stock is owned by institutional investors.

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.