Gaming and Leisure Properties (NASDAQ:GLPI) Downgraded by BidaskClub

BidaskClub cut shares of Gaming and Leisure Properties (NASDAQ:GLPI) from a hold rating to a sell rating in a report issued on Tuesday, BidAskClub reports.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. Morgan Stanley upped their price objective on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an equal weight rating in a report on Tuesday, June 11th. Deutsche Bank reaffirmed a buy rating and set a $31.00 price objective on shares of PlayAGS in a report on Sunday, May 12th. Credit Suisse Group reaffirmed a neutral rating and set a $108.00 price objective on shares of Wynn Resorts in a report on Wednesday, March 20th. Finally, Stifel Nicolaus assumed coverage on shares of SkyWest in a report on Monday, April 15th. They set a buy rating and a $68.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $42.80.

Shares of GLPI traded down $0.23 during mid-day trading on Tuesday, hitting $38.29. 3,750 shares of the company’s stock were exchanged, compared to its average volume of 1,023,799. The firm’s fifty day simple moving average is $39.60. Gaming and Leisure Properties has a twelve month low of $31.19 and a twelve month high of $40.82. The firm has a market capitalization of $8.29 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.93 and a beta of 0.54. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend was Thursday, June 13th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 85.53%.

A number of institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its stake in shares of Gaming and Leisure Properties by 39.9% in the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 282 shares in the last quarter. Washington Trust Bank raised its stake in shares of Gaming and Leisure Properties by 14.9% in the 1st quarter. Washington Trust Bank now owns 2,230 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 290 shares in the last quarter. Signaturefd LLC raised its stake in shares of Gaming and Leisure Properties by 100.3% in the 1st quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 361 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Gaming and Leisure Properties by 24.1% in the 4th quarter. Advisory Services Network LLC now owns 1,960 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 380 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in shares of Gaming and Leisure Properties by 6.5% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 6,771 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 412 shares in the last quarter. 89.86% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

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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