Gaming and Leisure Properties (NASDAQ:GLPI) Price Target Cut to $51.00 by Analysts at Mizuho

Gaming and Leisure Properties (NASDAQ:GLPI) had its price objective dropped by investment analysts at Mizuho from $52.00 to $51.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 3.68% from the company’s current price.

A number of other equities analysts have also weighed in on GLPI. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Tuesday, October 29th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada lifted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.54.

Gaming and Leisure Properties Trading Up 1.0 %

Shares of NASDAQ:GLPI opened at $49.19 on Thursday. The business has a 50-day moving average price of $50.74 and a 200-day moving average price of $48.15. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.11 and a beta of 0.99. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities analysts predict that Gaming and Leisure Properties will post 3.67 EPS for the current year.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. This trade represents a 12.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 3,000 shares of the business’s 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 transaction, the director now directly owns 146,800 shares in the company, valued at $7,397,252. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,758 shares of company stock worth $2,717,922 in the last ninety days. Insiders own 4.37% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several hedge funds and other institutional investors have recently bought and sold shares of GLPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Gaming and Leisure Properties by 647.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock valued at $104,213,000 after purchasing an additional 1,754,370 shares during the last quarter. Jennison Associates LLC lifted its holdings in Gaming and Leisure Properties by 25.3% in the third quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after acquiring an additional 821,634 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock valued at $41,820,000 after acquiring an additional 800,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Gaming and Leisure Properties by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after acquiring an additional 781,906 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Gaming and Leisure Properties during the third quarter worth $27,057,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.