Mizuho Issues Pessimistic Forecast for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its price target decreased by analysts at Mizuho from $52.00 to $51.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 3.89% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, August 23rd. Stifel Nicolaus upped their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company restated an “equal weight” rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.54.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $49.09 on Thursday. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.99. Gaming and Leisure Properties has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average price of $50.84 and a 200 day moving average price of $48.11.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Research analysts expect that Gaming and Leisure Properties will post 3.67 EPS for the current year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 6,885 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the completion of the transaction, the director now directly owns 149,800 shares of the company’s stock, valued at $7,513,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of Gaming and Leisure Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 6,885 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the transaction, the director now owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,758 shares of company stock valued at $2,717,922 in the last 90 days. 4.37% of the stock is currently owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in Gaming and Leisure Properties by 27.4% in the first quarter. Russell Investments Group Ltd. now owns 309,882 shares of the real estate investment trust’s stock valued at $14,276,000 after purchasing an additional 66,601 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Gaming and Leisure Properties in the first quarter valued at $2,396,000. Lasalle Investment Management Securities LLC increased its holdings in Gaming and Leisure Properties by 1.5% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock worth $68,172,000 after buying an additional 21,667 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Gaming and Leisure Properties during the second quarter worth $3,165,000. Finally, Caxton Associates LP lifted its stake in Gaming and Leisure Properties by 72.5% in the first quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust’s stock valued at $1,119,000 after acquiring an additional 10,209 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.