Royal Bank of Canada Has Lowered Expectations for Gaming and Leisure Properties (NASDAQ:GLPI) Stock Price

Gaming and Leisure Properties (NASDAQ:GLPI) had its target price dropped by stock analysts at Royal Bank of Canada from $56.00 to $54.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 14.27% from the stock’s previous close.

Several other research analysts have also recently weighed in on GLPI. Wells Fargo & Company upped their price target on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Macquarie reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Gaming and Leisure Properties in a research note on Friday. Morgan Stanley downgraded Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Barclays upped their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Finally, Scotiabank decreased their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.43.

Gaming and Leisure Properties Trading Down 1.0 %

Shares of GLPI traded down $0.49 during trading hours on Monday, reaching $47.26. The stock had a trading volume of 895,736 shares, compared to its average volume of 1,255,253. The company has a market cap of $12.99 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties has a 52 week low of $42.62 and a 52 week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $49.43 and a 200 day moving average of $49.31.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $395.24 million during the quarter, compared to the consensus estimate of $396.27 million. On average, sell-side analysts expect that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Matthew Demchyk sold 1,138 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the transaction, the senior vice president now directly owns 53,002 shares in the company, valued at $2,673,950.90. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,842 shares of company stock valued at $1,153,961. 4.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pure Financial Advisors LLC lifted its holdings in Gaming and Leisure Properties by 2.6% during the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 221 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Gaming and Leisure Properties by 3.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 222 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Gaming and Leisure Properties by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 226 shares during the period. Opal Wealth Advisors LLC grew its stake in Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 238 shares during the last quarter. Finally, Seeds Investor LLC raised its holdings in Gaming and Leisure Properties by 3.6% in the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 254 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.