Zacks Investment Research upgraded shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a sell rating to a hold rating in a report published on Monday.

According to Zacks, “Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. “

Other research analysts have also recently issued research reports about the company. SunTrust Banks upgraded Gaming and Leisure Properties from a hold rating to a buy rating in a research note on Thursday, January 11th. Barclays restated a buy rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $43.00 price objective on Gaming and Leisure Properties and gave the stock a buy rating in a research note on Tuesday, December 19th. UBS Group upgraded Gaming and Leisure Properties from a hold rating to a buy rating in a research note on Tuesday, December 19th. Finally, Morgan Stanley reduced their price objective on Gaming and Leisure Properties from $40.00 to $36.00 and set an equal weight rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Gaming and Leisure Properties has an average rating of Hold and an average price target of $38.13.

Shares of Gaming and Leisure Properties (GLPI) opened at $33.31 on Monday. 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 quick ratio of 0.62 and a current ratio of 0.62. The stock 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 issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.33). The company had revenue of $240.70 million for the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.28% and a net margin of 39.18%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. equities research analysts forecast that Gaming and Leisure Properties will post 3.13 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Gaming and Leisure Properties by 3.4% during the fourth quarter. BlackRock Inc. now owns 14,337,616 shares of the real estate investment trust’s stock valued at $530,492,000 after buying an additional 475,890 shares in the last quarter. Cohen & Steers Inc. raised its stake in Gaming and Leisure Properties by 76.0% during the third quarter. Cohen & Steers Inc. now owns 10,419,952 shares of the real estate investment trust’s stock valued at $384,392,000 after buying an additional 4,500,479 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Gaming and Leisure Properties by 26,378.0% during the third quarter. Daiwa Securities Group Inc. now owns 4,660,136 shares of the real estate investment trust’s stock valued at $171,912,000 after buying an additional 4,642,536 shares in the last quarter. State Street Corp raised its stake in Gaming and Leisure Properties by 0.8% during the second quarter. State Street Corp now owns 3,961,374 shares of the real estate investment trust’s stock valued at $149,222,000 after buying an additional 32,998 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Gaming and Leisure Properties by 324.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,927,911 shares of the real estate investment trust’s stock valued at $108,333,000 after buying an additional 2,238,382 shares in the last quarter. 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.

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

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