Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target hoisted by equities research analysts at Wells Fargo & Company from $50.00 to $51.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential downside of 1.79% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Royal Bank of Canada decreased their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Mizuho dropped their price objective 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. Finally, Morgan Stanley downgraded 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.96.

Gaming and Leisure Properties Stock Up 2.6 %

NASDAQ GLPI traded up $1.32 during trading hours on Monday, reaching $51.93. 282,412 shares of the company traded hands, compared to its average volume of 1,099,391. The stock has a market capitalization of $14.27 billion, a PE ratio of 18.10, a PEG ratio of 2.01 and a beta of 1.00. 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 12 month low of $41.80 and a 12 month high of $52.60. The company has a 50 day moving average of $48.53 and a two-hundred day moving average of $49.80.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, equities analysts expect that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction dated 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 $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Scott Urdang sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,161 shares of company stock valued at $2,425,521. 4.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter worth $52,000. Employees Retirement System of Texas increased its stake in shares of Gaming and Leisure Properties by 2.2% in the fourth quarter. Employees Retirement System of Texas now owns 182,164 shares of the real estate investment trust’s stock worth $8,773,000 after purchasing an additional 4,000 shares during the period. Toronto Dominion Bank lifted its position in shares of Gaming and Leisure Properties by 2.5% during the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock worth $1,776,000 after purchasing an additional 905 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $240,000. Finally, Neo Ivy Capital Management bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $3,371,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

About Gaming and Leisure Properties

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.