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 target decreased by investment analysts at Mizuho from $52.00 to $51.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 3.89% from the company’s current price.

Several other research analysts also recently commented on the company. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, August 23rd. Raymond James upped 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus boosted their price objective on shares of Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average price target of $52.54.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $49.09 on Thursday. The firm has a market capitalization of $13.47 billion, a PE ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.99. Gaming and Leisure Properties has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm’s fifty day simple moving average is $50.84 and its 200 day simple moving average is $48.11.

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

Insider Buying and Selling

In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 108,073 shares in the company, valued at $5,621,957.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Brandon John Moore sold 30,900 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now directly owns 208,977 shares of the company’s stock, valued at $10,459,298.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Desiree A. Burke sold 12,973 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares in the company, valued at approximately $5,621,957.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,758 shares of company stock worth $2,717,922 in the last 90 days. 4.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently bought and sold shares of GLPI. Allspring Global Investments Holdings LLC raised its holdings in shares of Gaming and Leisure Properties by 6.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after buying an additional 341,492 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Gaming and Leisure Properties by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Jennison Associates LLC raised its stake in shares of 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 worth $209,682,000 after acquiring an additional 821,634 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Gaming and Leisure Properties by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,327,466 shares of the real estate investment trust’s stock worth $171,198,000 after acquiring an additional 96,028 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Gaming and Leisure Properties by 36.7% during 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 purchasing an additional 781,906 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

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.