Oppenheimer started coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in a research note published on Tuesday, The Fly reports. The brokerage issued an outperform rating and a $41.00 price target on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the company. Bank of America increased their target price on Gaming and Leisure Properties from $31.00 to $32.00 and gave the company an underperform rating in a research note on Tuesday, April 17th. Morgan Stanley increased their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company an equal weight rating in a research note on Tuesday, April 17th. BidaskClub cut Gaming and Leisure Properties from a buy rating to a hold rating in a research note on Wednesday, July 11th. Zacks Investment Research upgraded Gaming and Leisure Properties from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Wednesday, May 2nd. Finally, Barclays reduced their target price on Gaming and Leisure Properties from $46.00 to $45.00 and set an overweight rating for the company in a research note on Thursday, July 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Gaming and Leisure Properties currently has a consensus rating of Hold and a consensus price target of $39.00.

NASDAQ:GLPI traded up $0.47 during trading hours on Tuesday, hitting $35.52. The stock had a trading volume of 30,584 shares, compared to its average volume of 1,284,238. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.89. Gaming and Leisure Properties has a 1-year low of $32.51 and a 1-year high of $39.32. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.34). The firm had revenue of $254.22 million during the quarter, compared to analyst estimates of $254.40 million. Gaming and Leisure Properties had a net margin of 38.54% and a return on equity of 15.56%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. equities analysts anticipate 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 will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Thursday, September 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 80.00%.

In other news, Director E Scott Urdang acquired 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, June 8th. The shares were purchased at an average cost of $35.32 per share, for a total transaction of $105,960.00. Following the completion of the purchase, the director now directly owns 62,971 shares of the company’s stock, valued at approximately $2,224,135.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GLPI. First Mercantile Trust Co. lifted its stake in Gaming and Leisure Properties by 36.6% during the first quarter. First Mercantile Trust Co. now owns 5,600 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,500 shares during the last quarter. Ostrum Asset Management bought a new position in Gaming and Leisure Properties during the first quarter worth $189,000. PVG Asset Management Corp bought a new position in Gaming and Leisure Properties during the first quarter worth $236,000. Rational Advisors LLC bought a new position in Gaming and Leisure Properties during the first quarter worth $236,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Gaming and Leisure Properties during the first quarter worth $265,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Gaming and Leisure Properties

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.

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

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