Stifel Nicolaus Increases Gaming and Leisure Properties (NASDAQ:GLPI) Price Target to $52.50

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target boosted by analysts at Stifel Nicolaus from $52.00 to $52.50 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target indicates a potential upside of 7.78% from the company’s previous close.

Several other research firms also recently weighed in on GLPI. UBS Group boosted their price target on Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, May 17th. Royal Bank of Canada raised their target price on shares of Gaming and Leisure Properties from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, July 15th. Finally, Mizuho lowered their target price on Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.41.

Gaming and Leisure Properties Stock Down 0.6 %

Gaming and Leisure Properties stock traded down $0.27 during trading hours on Friday, reaching $48.71. The stock had a trading volume of 279,908 shares, compared to its average volume of 1,331,422. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 5.71 and a beta of 0.98. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $49.99. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.47 and a quick ratio of 6.47. The business’s 50 day moving average price is $45.37 and its 200-day moving average price is $45.21.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 50.05% and a return on equity of 16.79%. The company had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $377.95 million. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Gaming and Leisure Properties will post 3.66 EPS for the current year.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Gaming and Leisure Properties in the 4th quarter valued at $30,000. EdgeRock Capital LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at about $33,000. MCF Advisors LLC raised its holdings in Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 600 shares during the last quarter. Versant Capital Management Inc lifted its stake in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $42,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

About Gaming and Leisure Properties

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.