Gaming and Leisure Properties (GLPI) Downgraded by ValuEngine

ValuEngine lowered shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

GLPI has been the topic of a number of other reports. BidaskClub upgraded shares of Gaming and Leisure Properties from a sell rating to a hold rating in a report on Wednesday, March 21st. Ladenburg Thalmann Financial Services set a $40.00 price objective on shares of Gaming and Leisure Properties and gave the stock a buy rating in a report on Monday, February 12th. Morgan Stanley dropped their price objective on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an equal weight rating on the stock in a report on Friday, February 9th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a hold rating to a sell rating in a report on Wednesday, January 31st. Finally, SunTrust Banks upgraded shares of Gaming and Leisure Properties from a hold rating to a buy rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $38.13.

How to Become a New Pot Stock Millionaire

GLPI opened at $33.72 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $7,181.36, a price-to-earnings ratio of 10.78 and a beta of 0.80. Gaming and Leisure Properties has a twelve month low of $32.51 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). The firm had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 39.18%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. research analysts predict that Gaming and Leisure Properties will post 3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend was Thursday, March 8th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 80.00%.

In other Gaming and Leisure Properties news, CFO William J. Clifford bought 54,606 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $33.00 per share, with a total value of $1,801,998.00. Following the completion of the transaction, the chief financial officer now owns 320,674 shares in the company, valued at $10,582,242. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Carlino bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $33.33 per share, with a total value of $1,333,200.00. Following the transaction, the chief executive officer now owns 4,388,089 shares of the company’s stock, valued at approximately $146,255,006.37. The disclosure for this purchase can be found here. 5.88% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in shares of Gaming and Leisure Properties by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 473 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Gaming and Leisure Properties by 7.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 21,394 shares of the real estate investment trust’s stock valued at $778,000 after acquiring an additional 1,499 shares during the period. Legal & General Group Plc grew its position in shares of Gaming and Leisure Properties by 14.4% in the 3rd quarter. Legal & General Group Plc now owns 568,726 shares of the real estate investment trust’s stock valued at $20,979,000 after acquiring an additional 71,498 shares during the period. Schroder Investment Management Group grew its position in shares of Gaming and Leisure Properties by 55.8% in the 3rd quarter. Schroder Investment Management Group now owns 134,569 shares of the real estate investment trust’s stock valued at $4,906,000 after acquiring an additional 48,169 shares during the period. Finally, Cadence Capital Management LLC grew its position in shares of Gaming and Leisure Properties by 12.1% in the 3rd quarter. Cadence Capital Management LLC now owns 14,137 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 1,522 shares during the period. 92.71% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3337915/gaming-and-leisure-properties-glpi-downgraded-by-valuengine.html.

Gaming and Leisure Properties Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Latest News

Limelight Networks  Sees Large Volume Increase After Earnings Beat
Limelight Networks Sees Large Volume Increase After Earnings Beat
Skechers U.S.A.  Trading Down 27% Following Analyst Downgrade
Skechers U.S.A. Trading Down 27% Following Analyst Downgrade
Head to Head Comparison: DistributionNOW  and Its Competitors
Head to Head Comparison: DistributionNOW and Its Competitors
Head-To-Head Comparison: COBHAM  and BAE Systems
Head-To-Head Comparison: COBHAM and BAE Systems
Analysts Expect Alkermes Plc  Will Announce Earnings of -$0.08 Per Share
Analysts Expect Alkermes Plc Will Announce Earnings of -$0.08 Per Share
Contrasting Highwoods Properties  & Equity Residential
Contrasting Highwoods Properties & Equity Residential


Leave a Reply

© 2006-2018 Ticker Report. Google+.