Gaming and Leisure Properties (NASDAQ:GLPI) had its price target lowered by Bank of America from $33.00 to $31.00 in a research note issued to investors on Friday. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

GLPI has been the subject of a number of other research reports. Zacks Investment Research upgraded Gaming and Leisure Properties from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Tuesday, October 31st. Jefferies Group started coverage on Gaming and Leisure Properties in a research report on Thursday, January 18th. They issued a hold rating for the company. Morgan Stanley reduced their price target on Gaming and Leisure Properties from $40.00 to $36.00 and set an equal weight rating for the company in a research report on Friday. Barclays restated a buy rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. Finally, UBS Group upgraded Gaming and Leisure Properties from a hold rating to a buy rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $38.13.

Gaming and Leisure Properties (NASDAQ:GLPI) opened at $33.31 on Friday. Gaming and Leisure Properties has a 1-year low of $30.22 and a 1-year high of $39.32. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $7,080.00, a PE ratio of 18.51 and a beta of 0.51.

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 analysts’ consensus estimates of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.28%. The firm had revenue of $240.70 million during the quarter, compared to the consensus estimate of $243.27 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue was up .8% compared to the same quarter last year. equities research analysts forecast that Gaming and Leisure Properties will post 3.13 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. Advisor Group Inc. grew its position in shares of Gaming and Leisure Properties by 75.3% during the second quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 1,998 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth about $151,000. American International Group Inc. purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $160,000. Signition LP purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth about $224,000. Finally, Stifel Financial Corp purchased a new stake in shares of Gaming and Leisure Properties during the third quarter worth about $249,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

Analyst Recommendations for Gaming and Leisure Properties (NASDAQ:GLPI)

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