Brokerages Set Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Price Target at $53.93

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.93.

GLPI has been the subject of several recent research reports. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research report on Wednesday, January 15th. Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price objective on the stock. Scotiabank decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI opened at $48.39 on Monday. The firm has a 50 day moving average of $48.71 and a 200 day moving average of $49.79. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the sale, the senior vice president now directly owns 71,757 shares of the company’s stock, valued at approximately $3,488,825.34. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,222 shares of company stock worth $1,624,947 over the last three months. 4.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after acquiring an additional 1,754,370 shares during the period. Franklin Resources Inc. raised its holdings in Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after purchasing an additional 889,698 shares during the period. Jennison Associates LLC boosted its position in Gaming and Leisure Properties by 25.3% during the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after purchasing an additional 821,634 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after purchasing an additional 800,000 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Gaming and Leisure Properties in the third quarter valued at approximately $27,057,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.