Gaming and Leisure Properties (GLPI) Given a $40.00 Price Target at Ladenburg Thalmann Financial Services

Ladenburg Thalmann Financial Services set a $40.00 price target on Gaming and Leisure Properties (NASDAQ:GLPI) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the stock. SunTrust Banks upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating in a research report on Thursday, January 11th. Barclays reiterated a buy rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. UBS Group upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating in a research report on Tuesday, December 19th. 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 for the company in a research report on Tuesday, October 31st. Finally, Morgan Stanley dropped their price target on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an equal weight rating for the company in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $38.13.

Shares of Gaming and Leisure Properties (GLPI) opened at $33.69 on Monday. Gaming and Leisure Properties has a 12-month low of $30.22 and a 12-month high of $39.32. The firm has a market cap of $7,160.00, a PE ratio of 18.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.28%. The company had revenue of $240.70 million for the quarter, compared to analyst estimates of $243.27 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Gaming and Leisure Properties’s revenue was up .8% on a year-over-year basis. equities research analysts anticipate that Gaming and Leisure Properties will post 3.05 EPS for the current year.

In other Gaming and Leisure Properties news, CFO William J. Clifford acquired 54,606 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $1,801,998.00. Following the completion of the acquisition, the chief financial officer now owns 320,674 shares of the company’s stock, valued at approximately $10,582,242. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Carlino acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $33.33 per share, with a total value of $1,333,200.00. Following the acquisition, the chief executive officer now directly owns 4,388,089 shares of the company’s stock, valued at approximately $146,255,006.37. The disclosure for this purchase can be found here. Insiders own 5.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in GLPI. Focused Wealth Management Inc acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $100,000. Advisor Group Inc. grew its holdings in shares of Gaming and Leisure Properties by 75.3% in the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Gaming and Leisure Properties in the third quarter valued at approximately $151,000. American International Group Inc. acquired a new position in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $160,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Gaming and Leisure Properties by 46.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,290 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 1,679 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Gaming and Leisure Properties (GLPI) Given a $40.00 Price Target at Ladenburg Thalmann Financial Services” was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/16/gaming-and-leisure-properties-glpi-given-a-40-00-price-target-at-ladenburg-thalmann-financial-services.html.

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)

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply