Latest Stocks: Gaming and Leisure Properties Inc (GLPI) Stock Rating Upgraded by Zacks Investment Research

Latest Stocks: Gaming and Leisure Properties Inc (GLPI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $41.00 target price on the real estate investment trust’s stock.

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 equities analysts have also issued research reports about the company. TheStreet raised Gaming and Leisure Properties from a c+ rating to a b rating in a research note on Monday, May 22nd. Deutsche Bank AG increased their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a buy rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Gaming and Leisure Properties presently has an average rating of Hold and a consensus price target of $38.00.

Other equities analysts have also issued research reports about the company. TheStreet raised Gaming and Leisure Properties from a c+ rating to a b rating in a research note on Monday, May 22nd. Deutsche Bank AG increased their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a buy rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Gaming and Leisure Properties presently has an average rating of Hold and a consensus price target of $38.00. Gaming and Leisure Properties (GLPI) opened at 37.09 on Wednesday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 21.51 and a beta of 0.93. Gaming and Leisure Properties has a 52 week low of $29.32 and a 52 week high of $37.25. The stock’s 50 day moving average price is $35.57 and its 200 day moving average price is $32.53.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.48 annualized dividend and a yield of 6.69%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 154.84%. Large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 291 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at $116,000. Penserra Capital Management LLC increased its stake in shares of Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,228 shares during the period. Geneva Advisors LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter valued at $201,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter valued at $201,000. Institutional investors own 90.08% of the company’s stock.

Get a free copy of the Zacks research report on Gaming and Leisure Properties (GLPI) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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