Brokerage Firm Rating on Gaming and Leisure Properties (GLPI)

Gaming and Leisure Properties (GLPI) : The consensus on Gaming and Leisure Properties (GLPI) based on 10 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Gaming and Leisure Properties (GLPI) : The most positive equity analysts on Gaming and Leisure Properties (GLPI) expects the shares to touch $40, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $34.57 with an expected fluctuation of $3.15 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened at $35.69 on Thursday but the bulls could not build on the opening and the stock topped out at $35.69 for the day. The stock traded down to $35.13 during the day, due to lack of any buying support eventually closed down at $35.52 with a loss of -0.36% for the day. The stock had closed at $35.65 on the previous day. The total traded volume was 1,283,659 shares.

In a related news, The Securities and Exchange Commission has divulged that Clifford William J, officer (Sr VP-Chief Financial Officer) of Gaming & Leisure Properties, Inc., had unloaded 100,000 shares at an average price of $35.33 in a transaction dated on August 3, 2016. The total value of the transaction was worth $3,533,000.

Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed 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. Triple net leases are leases, in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital, L.P. (a wholly owned subsidiary of GLPI, through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

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