Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has an average rating of Moderate Buy from analysts.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) shares have received a consensus Moderate Buy rating from the 11 rating agencies that cover the company, reports Marketbeat Ratings. One research analyst has rated the stock with a sell rating, two with a hold rating, five with a buy rating and one with a strong buy rating on the company. The average 1-year target price set by analysts who updated their coverage of the stock over the past year is $52.88.

GLPI has been the subject of a number of research analyst reports. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report Wednesday, May 11. UBS Group lowered its price target for gaming and leisure properties to $55.00 in a report Thursday, June 9.

NASDAQ GLPI shares opened at $45.29 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.91. The stock has a 50-day simple moving average of $45.54 and a 200-day simple moving average of $45.48. The company has a market cap of $11.21 billion, a P/E of 20.59, a P/E of 3.20, and a beta of 1.02. Gaming and Leisure Properties has a 12-month low of $41.81 and a 12-month high of $51.46.

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Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.48 for the quarter, missing the consensus estimate of $0.85 ($0.37). The company had revenue of $315.00 million for the quarter compared to the consensus estimate of $303.98 million. Gaming and Leisure Properties had a net margin of 42.79% and a return on equity of 16.86%. Gaming and Leisure Properties’ quarterly revenue rose 4.5% year over year. In the same period last year, the company posted $0.84 per share. Sell-side analysts are forecasting that Gaming and Leisure Properties will report earnings per share of 3.53 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10 will receive a dividend of $0.705. The ex-dividend date of this dividend is Thursday 9th June. That equates to a dividend of $2.82 on an annualized basis and a dividend yield of 6.23%. This is an increase from Gaming and Leisure Properties’ previous quarterly dividend of $0.69. Gaming and Leisure Properties’ payout ratio is currently 128.18%.

In other news, EVP Brandon John Moore sold 5,000 shares of the stock in a transaction on Monday, March 28th. The shares sold at an average price of $45.04 for a total transaction of $225,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. 5.53% of the shares are currently owned by company insiders.

Several institutional investors and hedge funds have recently changed their positions in GLPI. CWM LLC increased its stake in Gaming and Leisure Properties by 76.3% in the first quarter. CWM LLC now owns 663 shares of the $31,000 Real Estate Investment Trust after purchasing an additional 287 shares last quarter. National Bank of Canada FI purchased a new $34,000 position in Gaming and Leisure Properties stock during the fourth quarter. Covestor Ltd purchased a new position in Gaming and Leisure Properties stock valued at $43,000 during the fourth quarter. MCF Advisors LLC purchased a new position in Gaming and Leisure Properties stock valued at $43,000 during the first quarter. Finally, Zions Bancorporation NA acquired a new position in gaming and leisure real estate valued at $43,000 during the first quarter. 91.36% of the shares are currently owned by institutional investors.

Gaming and Leisure Real Estate Company Profile (get rating)

GLPI is engaged in the business of acquiring, financing and owning properties to be leased to gaming operators under triple net lease agreements under which the tenant is responsible for all facility maintenance required in connection with the leased properties Insurance and business conducted on the leased property, taxes levied on or in relation to the leased property and all utilities and other services necessary or appropriate to the leased property and business conducted on the leased property.

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Analyst Recommendations for Gaming & Leisure Real Estate (NASDAQ:GLPI)

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