Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Cut to $53.00 by Analysts at Barclays

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target dropped by equities research analysts at Barclays from $55.00 to $53.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective would suggest a potential upside of 6.30% from the company’s current price.

GLPI has been the subject of a number of other research reports. Stifel Nicolaus increased their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Scotiabank dropped their target price on 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. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.04.

Gaming and Leisure Properties Stock Down 0.6 %

Shares of NASDAQ GLPI opened at $49.86 on Tuesday. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $48.36 and a 200 day moving average of $49.79. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $52.60. The stock has a market cap of $13.70 billion, a PE ratio of 17.37, a P/E/G ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, sell-side analysts predict that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the transaction, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,222 shares of company stock worth $1,873,547 over the last 90 days. Corporate insiders own 4.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GLPI. Segall Bryant & Hamill LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter worth about $693,000. Aew Capital Management L P grew its stake in shares of Gaming and Leisure Properties by 1,786.5% in the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock valued at $36,679,000 after purchasing an additional 721,230 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after purchasing an additional 13,965 shares during the last quarter. Zacks Investment Management increased its holdings in shares of Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after purchasing an additional 51,398 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Gaming and Leisure Properties by 87.5% during the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 6,724 shares during the last quarter. 91.14% of the stock is 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.