Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
GLPI has been the subject of several other research reports. Citigroup boosted their price objective on shares of Gaming and Leisure Properties to $59.00 in a research note on Monday, August 22nd. Raymond James reduced their price objective on shares of Gaming and Leisure Properties from $56.00 to $53.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 4th. Truist Financial boosted their price target on shares of Gaming and Leisure Properties from $51.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gaming and Leisure Properties from $57.00 to $62.00 in a research note on Monday, August 1st. Finally, Morgan Stanley boosted their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.80.
Contents
Gaming and Leisure Properties Price Performance
Shares of NASDAQ:GLPI opened at $50.45 on Tuesday. The company has a 50 day moving average of $47.60 and a 200 day moving average of $47.62. The stock has a market cap of $12.89 billion, a P/E ratio of 20.68, a P/E/G ratio of 10.18 and a beta of 1.02. Gaming and Leisure Properties has a 12 month low of $41.81 and a 12 month high of $52.87. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.57.
Institutional Investors Weigh In On Gaming and Leisure Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Gaming and Leisure Properties by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 34,218,955 shares of the real estate investment trust’s stock valued at $1,605,894,000 after buying an additional 1,199,697 shares during the last quarter. BlackRock Inc. raised its holdings in Gaming and Leisure Properties by 3.1% in the 1st quarter. BlackRock Inc. now owns 16,323,748 shares of the real estate investment trust’s stock worth $766,072,000 after purchasing an additional 488,130 shares in the last quarter. FMR LLC raised its holdings in Gaming and Leisure Properties by 16.6% in the 2nd quarter. FMR LLC now owns 12,229,738 shares of the real estate investment trust’s stock worth $560,855,000 after purchasing an additional 1,741,579 shares in the last quarter. Wellington Management Group LLP raised its holdings in Gaming and Leisure Properties by 13.6% in the 1st quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock worth $493,511,000 after purchasing an additional 1,255,222 shares in the last quarter. Finally, State Street Corp raised its holdings in Gaming and Leisure Properties by 2.2% in the 2nd quarter. State Street Corp now owns 7,594,331 shares of the real estate investment trust’s stock worth $348,276,000 after purchasing an additional 165,764 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.
Gaming and Leisure Properties Company Profile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Gaming and Leisure Properties (GLPI)
- 3 Reasons Another Shoe May Drop for Skechers
- Is Clothier V.F. Corporation’s 7% Dividend Worth Trying On?
- Bulls Vs Bears: Mullen Automotive Short Interest Grows
- Palantir Falls Into The Hands Of Value Investors
- The Analysts Can’t Keep Up with Arista Networks Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Gaming and Leisure Properties, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Gaming and Leisure Properties wasn’t on the list.
While Gaming and Leisure Properties currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
