Analysts’ Recent Ratings Changes for Gaming and Leisure Properties (GLPI)

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Gaming and Leisure Properties (NASDAQ: GLPI) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2019 – Gaming and Leisure Properties was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/26/2019 – Gaming and Leisure Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/25/2019 – Gaming and Leisure Properties was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/25/2019 – Gaming and Leisure Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/19/2019 – Gaming and Leisure Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/17/2019 – Gaming and Leisure Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/10/2019 – Gaming and Leisure Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/9/2019 – Gaming and Leisure Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “
  • 1/2/2019 – Gaming and Leisure Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

GLPI stock traded down $0.08 during midday trading on Monday, hitting $38.07. The company’s stock had a trading volume of 701,683 shares, compared to its average volume of 1,295,089. The stock has a market capitalization of $8.17 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.60. Gaming and Leisure Properties Inc has a 12 month low of $31.19 and a 12 month high of $38.28. The company has a current ratio of 10.00, a quick ratio of 10.00 and a debt-to-equity ratio of 2.31.

In other news, Director E Scott Urdang purchased 5,000 shares of the stock in a transaction dated Thursday, December 13th. The shares were purchased at an average cost of $34.27 per share, with a total value of $171,350.00. Following the acquisition, the director now directly owns 81,971 shares of the company’s stock, valued at $2,809,146.17. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph W. Marshall III purchased 1,000 shares of the stock in a transaction dated Monday, November 19th. The shares were purchased at an average cost of $33.33 per share, for a total transaction of $33,330.00. Following the completion of the acquisition, the director now directly owns 27,081 shares in the company, valued at $902,609.73. The disclosure for this purchase can be found here. Corporate insiders own 5.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Gaming and Leisure Properties by 23.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,872 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 1,853 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Gaming and Leisure Properties by 23.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 33,060 shares of the real estate investment trust’s stock valued at $1,250,000 after buying an additional 6,210 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 6.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 440,573 shares of the real estate investment trust’s stock valued at $14,235,000 after buying an additional 28,038 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Gaming and Leisure Properties by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,341,744 shares of the real estate investment trust’s stock valued at $43,351,000 after buying an additional 16,959 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Gaming and Leisure Properties by 20.4% in the 4th quarter. Stephens Inc. AR now owns 58,916 shares of the real estate investment trust’s stock worth $1,904,000 after purchasing an additional 9,988 shares in the last quarter. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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