Gaming and Leisure Properties’ (GLPI) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Gaming and Leisure Properties (NASDAQ:GLPIFree Report) in a report issued on Tuesday, Benzinga reports. JMP Securities currently has a $53.00 price target on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Scotiabank raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a sector perform rating in a research report on Thursday, May 16th. Mizuho reduced their target price on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a neutral rating for the company in a report on Friday, May 10th. Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $49.00 to $47.00 and set an outperform rating on the stock in a report on Monday, April 29th. Stifel Nicolaus upped their price objective on Gaming and Leisure Properties from $50.75 to $51.00 and gave the company a buy rating in a research note on Friday, May 17th. Finally, Morgan Stanley lowered their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an overweight rating on the stock in a research note on Thursday, March 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $51.46.

Read Our Latest Research Report on GLPI

Gaming and Leisure Properties Trading Down 0.3 %

NASDAQ:GLPI opened at $46.33 on Tuesday. Gaming and Leisure Properties has a 1 year low of $41.80 and a 1 year high of $50.59. The stock has a market cap of $12.58 billion, a P/E ratio of 17.10, a P/E/G ratio of 5.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.47 and a current ratio of 6.47. The stock has a 50-day simple moving average of $44.46 and a 200-day simple moving average of $45.72.

Gaming and Leisure Properties (NASDAQ:GLPIGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.79% and a net margin of 50.05%. The company had revenue of $376.00 million for the quarter, compared to analyst estimates of $368.44 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. Gaming and Leisure Properties’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Gaming and Leisure Properties will post 3.66 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.76 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a yield of 6.56%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the transaction, the director now directly owns 156,685 shares of the company’s stock, valued at $7,050,825. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $30,000. Operose Advisors LLC acquired a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $32,000. EdgeRock Capital LLC acquired a new position in Gaming and Leisure Properties in the 4th quarter worth $33,000. MCF Advisors LLC boosted its position in 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 valued at $34,000 after buying an additional 600 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Gaming and Leisure Properties during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.