Gaming and Leisure Properties (GLPI) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a buy rating to a strong-buy rating in a research report released on Friday morning.

GLPI has been the subject of several other research reports. 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 Friday, January 25th. Barclays upped their price target on shares of Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an overweight rating in a research report on Monday, November 19th. Finally, Jefferies Financial Group reduced their price target on shares of Gaming and Leisure Properties from $41.00 to $37.00 and set a hold rating for the company in a research report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.64.

Shares of Gaming and Leisure Properties stock opened at $38.15 on Friday. Gaming and Leisure Properties has a fifty-two week low of $31.19 and a fifty-two week high of $38.21. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.25 and a beta of 0.60.

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average price of $34.27 per share, with a total value of $171,350.00. Following the purchase, the director now owns 81,971 shares in the company, valued at $2,809,146.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph W. Marshall III acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of $33.33 per share, with a total value of $33,330.00. Following the purchase, the director now owns 27,081 shares in the company, valued at approximately $902,609.73. The disclosure for this purchase can be found here. 5.88% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of GLPI. Parallel Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 50.6% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 304 shares during the period. We Are One Seven LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. Ffcm LLC grew its stake in shares of Gaming and Leisure Properties by 72.4% in the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 479 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Gaming and Leisure Properties by 43.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 434 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Gaming and Leisure Properties by 50.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 602 shares during the period. 91.04% of the stock is 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.

Featured Story: Risk Tolerance

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