Gaming and Leisure Properties (GLPI) Stock Rating Upgraded by UBS

Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by investment analysts at UBS from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on GLPI. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services set a $41.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.17.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at $36.48 on Tuesday. Gaming and Leisure Properties has a twelve month low of $29.93 and a twelve month high of $39.32. The stock has a market capitalization of $7,851.44, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 3.88 and a beta of 0.86. 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 (EPS) for the quarter, meeting the consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The business had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Gaming and Leisure Properties will post 3.09 earnings per share for the current fiscal year.

In related news, Director E Scott Urdang purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the completion of the purchase, the director now directly owns 55,241 shares in the company, valued at $2,001,381.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.88% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Gaming and Leisure Properties by 2.4% during the second quarter. Royal Bank of Canada now owns 14,795 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 352 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Gaming and Leisure Properties by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 473 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Gaming and Leisure Properties by 0.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,578 shares of the real estate investment trust’s stock worth $7,104,000 after purchasing an additional 595 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Gaming and Leisure Properties by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 23,540 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 731 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Gaming and Leisure Properties by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 90,674 shares of the real estate investment trust’s stock worth $3,416,000 after purchasing an additional 795 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

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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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