Royal Bank of Canada Lowers Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $56.00

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price cut by stock analysts at Royal Bank of Canada from $57.00 to $56.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 13.52% from the company’s current price.

Several other brokerages also recently weighed in on GLPI. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Barclays initiated coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target for the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.15.

Gaming and Leisure Properties Stock Up 0.4 %

NASDAQ:GLPI traded up $0.21 during mid-day trading on Monday, hitting $49.33. 213,531 shares of the company’s stock traded hands, compared to its average volume of 992,992. The company has a fifty day moving average of $48.14 and a 200 day moving average of $49.77. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a market capitalization of $13.54 billion, a P/E ratio of 17.19, a P/E/G ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. On average, analysts forecast that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Insider Buying and Selling

In related news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares in the company, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GLPI. Freedom Investment Management Inc. boosted its holdings in Gaming and Leisure Properties by 3.8% in the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 222 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Gaming and Leisure Properties by 8.7% in the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares during the last quarter. Opal Wealth Advisors LLC grew its position in Gaming and Leisure Properties by 4.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 238 shares during the period. Seeds Investor LLC increased its stake in Gaming and Leisure Properties by 3.6% during the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 254 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.