Gaming and Leisure Properties (NASDAQ:GLPI) PT Set at $43.00 by Ladenburg Thalmann Financial Services

Ladenburg Thalmann Financial Services set a $43.00 price objective on Gaming and Leisure Properties (NASDAQ:GLPI) in a report published on Tuesday, December 19th. The brokerage currently has a buy rating on the real estate investment trust’s stock.

GLPI has been the topic of several other reports. BidaskClub upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating and set a $40.00 price target on the stock in a research note on Tuesday, October 31st. UBS Group upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating in a research note on Tuesday, December 19th. Finally, SunTrust Banks reiterated a hold rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $40.17.

Shares of Gaming and Leisure Properties (NASDAQ GLPI) opened at $36.01 on Tuesday. The company has a market cap of $7,777.03, a price-to-earnings ratio of 20.01 and a beta of 0.86. Gaming and Leisure Properties has a fifty-two week low of $30.22 and a fifty-two week high of $39.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. During the same period last year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. equities analysts forecast that Gaming and Leisure Properties will post 3.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 140.00%.

In other news, Director E Scott Urdang purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $36.23 per share, with a total value of $181,150.00. Following the acquisition, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.88% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Capital Research Global Investors increased its position in Gaming and Leisure Properties by 2.8% in the 2nd quarter. Capital Research Global Investors now owns 14,506,957 shares of the real estate investment trust’s stock valued at $546,477,000 after acquiring an additional 400,000 shares during the period. BlackRock Inc. increased its position in Gaming and Leisure Properties by 8.5% in the 2nd quarter. BlackRock Inc. now owns 13,614,488 shares of the real estate investment trust’s stock valued at $512,857,000 after acquiring an additional 1,070,254 shares during the period. Cohen & Steers Inc. increased its position in Gaming and Leisure Properties by 76.0% in the 3rd quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock valued at $384,392,000 after acquiring an additional 4,500,479 shares during the period. Renaissance Technologies LLC increased its position in Gaming and Leisure Properties by 86.1% in the 2nd quarter. Renaissance Technologies LLC now owns 5,086,489 shares of the real estate investment trust’s stock valued at $191,608,000 after acquiring an additional 2,353,055 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Gaming and Leisure Properties by 26,378.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock valued at $171,912,000 after acquiring an additional 4,642,536 shares during the period. 92.04% of the stock is owned by institutional investors and hedge funds.

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Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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