Gaming and Leisure Facilities (NASDAQ:GLPI – Get the Free Report) In a research report issued to clients and investors on Thursday, Royal Bank of Canada equity analysts lowered their price target from $50.00 to $49.00, Benzinga reported. The company currently rates the real estate investment trust stock as “outperform.” Royal Bank of Canada’s price target suggests a potential upside of 7.93% from the previous closing price.
Other research analysts have also recently published research reports on the stock. JPMorgan Chase & Co. downgraded shares of Gaming and Leisure Properties from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. In a report on Thursday, December 14th. Mizuho increased their target price on shares of Gaming and Leisure Properties from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. The Goldman Sachs Group initiated coverage on shares of Gaming and Leisure Properties in a report on Friday, December 8th. They gave the company a “neutral” rating and a $51.00 price target. Finally, JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, February 8th. Five analysts have rated the stock as a “hold” and seven have rated it a “buy”. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.64.
Get our latest analysis for GLPI
Gaming and leisure real estate transactions fell 0.2%
GLPI stock opened at $45.40 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.23, and a current ratio of 7.41. The company’s stock has a market capitalization of $12.33 billion, a P/E ratio of 16.39x, a price-to-earnings ratio of 4.76x, and a beta of 0.95x. The company’s 50-day moving average price is $46.59 and its 200-day moving average price is $46.47. Gaming and Leisure Properties has a 52-week low of $43.54 and a 52-week high of $55.13.
Insider activity
In other news, SVP Matthew Demchyk sold 25,391 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $48.87, for a total value of $1,240,858.17. Following the closing, the executive vice president will now own 57,976 shares of the company’s stock, valued at approximately $2,833,287.12. The sale was disclosed in a document filed with the SEC, available at this link. In other news, SVP Matthew Demchyk sold 25,391 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $48.87, for a total value of $1,240,858.17. Following the closing, the executive vice president will now own 57,976 shares of the company’s stock, valued at approximately $2,833,287.12. The sale was disclosed in a document filed with the SEC, available at this link. Also, Chief Operating Officer Brandon John Moore sold 26,623 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $48.89, for a total transaction of $1,301,598.47. Following the completion of the transaction, the chief operating officer now owns 242,414 shares of the company’s stock, valued at approximately $11,851,620.46. Disclosures regarding this sale can be found here. Insiders sold 53,614 shares of company stock valued at $2,621,353 in the last quarter. Company insiders own 4.40% of the company’s stock.
Institutional trading of gaming and leisure facilities
Institutional investors and hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors LLC boosted its position in Gaming and Leisure Facilities by 203.0% in the 1st quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Headlands Technologies LLC purchased a new position in Gaming and Leisure Facilities during the 4th quarter valued at $30,000. Operose Advisors LLC bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at $32,000. Lee Financial Co boosted its position in Gaming and Leisure Facilities by 1,447.7% in the 2nd quarter. Lee Financial Co now owns 681 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 637 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in Gaming and Leisure Properties during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
About gaming and leisure facilities
(Get Free Report)
GLPI is engaged in the acquisition, financing and ownership of real estate properties leased to gaming operators under triple-net lease arrangements. Accordingly, Tenant is responsible for all facility maintenance, necessary insurance and insurance in connection with the leased property. the business conducted on the leased property, any taxes imposed on or with respect to the leased property, and all utilities and other services necessary or appropriate to the leased property and the business conducted on the leased property;
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