Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Raised to $57.50 at Stifel Nicolaus

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price increased by stock analysts at Stifel Nicolaus from $53.25 to $57.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 12.13% from the company’s current price.

Several other analysts have also issued reports on GLPI. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Friday, August 23rd. Mizuho decreased their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Raymond James lifted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Royal Bank of Canada increased their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $53.32.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $51.28 on Tuesday. The firm has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $48.51. The firm has a market cap of $14.07 billion, a PE ratio of 17.93, a P/E/G ratio of 2.16 and a beta of 0.99. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Gaming and Leisure Properties will post 3.67 EPS for the current year.

Insider Activity at Gaming and Leisure Properties

In related news, CFO Desiree A. Burke sold 12,973 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total transaction of $674,855.46. Following the completion of the sale, the chief financial officer now directly owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. This trade represents a 10.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.39, for a total value of $151,170.00. Following the sale, the director now owns 146,800 shares of the company’s stock, valued at approximately $7,397,252. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,858 shares of company stock valued at $1,171,377. Insiders own 4.37% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Large investors have recently added to or reduced their stakes in the stock. Lasalle Investment Management Securities LLC raised its stake in shares of Gaming and Leisure Properties by 1.5% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock valued at $68,172,000 after acquiring an additional 21,667 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Gaming and Leisure Properties during the 2nd quarter worth $3,165,000. Segall Bryant & Hamill LLC bought a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Gaming and Leisure Properties by 63.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust’s stock worth $2,351,000 after buying an additional 20,111 shares during the period. Finally, Sei Investments Co. grew its position in shares of Gaming and Leisure Properties by 11.4% during the 2nd quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock worth $24,395,000 after buying an additional 55,385 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

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.