Gaming and Leisure Properties (NASDAQ:GLPI) : Zacks Investment Research ranks Gaming and Leisure Properties (NASDAQ:GLPI) as 2, which is a Buy recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.8, which indicates as a Buy.
Gaming and Leisure Properties (NASDAQ:GLPI) : 7 Wall Street analysts covering Gaming and Leisure Properties (NASDAQ:GLPI) believe that the average level the stock could reach for the short term is $34.43. The maximum price target given is $40 and the minimum target for short term is around $32, hence the standard deviation is calculated at $2.99.
For the current week, the company shares have a recommendation consensus of Buy. Also, SunTrust Robinson Humphrey initiates coverage on Gaming and Leisure Properties (NASDAQ:GLPI).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on April 8, 2016.
Gaming and Leisure Properties (NASDAQ:GLPI): stock turned positive on Tuesday. Though the stock opened at $33.9, the bulls momentum made the stock top out at $34.09 level for the day. The stock recorded a low of $33.62 and closed the trading day at $33.97, in the green by 0.77%. The total traded volume for the day was 1,869,699. The stock had closed at $33.71 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Moore Brandon John, officer (SVP & General Counsel) of Gaming & Leisure Properties, Inc., had unloaded 13,216 shares at an average price of $34.65 in a transaction dated on June 21, 2016. The total value of the transaction was worth $457,934.
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.