Mizuho Issues Positive Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target boosted by research analysts at Mizuho from $51.00 to $53.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 6.39% from the stock’s previous close.

Several other research firms have also commented on GLPI. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Royal Bank of Canada lowered their target price on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Scotiabank cut their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company upped their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.11.

Gaming and Leisure Properties Stock Down 1.5 %

Shares of NASDAQ:GLPI traded down $0.74 during midday trading on Thursday, hitting $49.82. 176,461 shares of the company’s stock were exchanged, compared to its average volume of 1,222,583. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a market cap of $13.69 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The stock has a 50 day moving average price of $49.63 and a 200-day moving average price of $49.69.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, sell-side analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. This represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares of the company’s stock, valued at $7,173,098.17. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,933 shares of company stock worth $2,533,487. Insiders own 4.37% of the company’s stock.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in shares of Gaming and Leisure Properties by 106.2% during the fourth quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust’s stock valued at $2,155,000 after buying an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Gaming and Leisure Properties by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust’s stock valued at $1,183,000 after purchasing an additional 2,498 shares during the last quarter. Aew Capital Management L P boosted its stake in shares of Gaming and Leisure Properties by 1,786.5% during the fourth 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 period. Raymond James Financial Inc. purchased a new position in shares of Gaming and Leisure Properties in the fourth quarter worth $49,188,000. Finally, Proficio Capital Partners LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at $768,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of 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.