Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) have been given a consensus rating of “Hold” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $38.25.

GLPI has been the topic of a number of analyst reports. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Barclays PLC raised their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th.

Shares of Gaming and Leisure Properties (GLPI) traded up 0.27% during midday trading on Friday, reaching $36.80. 861,198 shares of the company traded hands. Gaming and Leisure Properties has a 12 month low of $29.32 and a 12 month high of $39.32. The company has a 50 day moving average of $37.80 and a 200 day moving average of $36.48.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.32). Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The business had revenue of $243.40 million during the quarter, compared to the consensus estimate of $243.77 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts anticipate that Gaming and Leisure Properties will post $1.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a $0.63 dividend. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, September 7th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.85%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 141.57%.

Several large investors have recently added to or reduced their stakes in GLPI. Teacher Retirement System of Texas increased its position in Gaming and Leisure Properties by 1.2% during the second quarter. Teacher Retirement System of Texas now owns 15,767 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 188 shares during the period. Prudential Financial Inc. boosted its stake in Gaming and Leisure Properties by 1.7% during the first quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 200 shares in the last quarter. Cadence Capital Management LLC boosted its stake in Gaming and Leisure Properties by 1.8% during the first quarter. Cadence Capital Management LLC now owns 12,735 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 224 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Gaming and Leisure Properties by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 47,247 shares of the real estate investment trust’s stock worth $1,780,000 after buying an additional 253 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in 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 buying an additional 352 shares in the last quarter. 89.33% of the stock is currently owned by institutional investors.

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About Gaming and Leisure Properties

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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