Gaming and Leisure Properties (NASDAQ:GLPI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.8 by 10 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. SunTrust Robinson Humphrey initiates coverage on Gaming and Leisure Properties (NASDAQ:GLPI). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on April 8, 2016.
Gaming and Leisure Properties (NASDAQ:GLPI): According to 7 Analysts, The short term target price has been estimated at $ 34.43.The target price could deviate by a maximum of $2.99 from the forecast price. In the near term, the target price could hit a high of $40 and a low of $ 32.
Gaming and Leisure Properties (NASDAQ:GLPI) rose 0.67% or 0.23 points on Tuesday and made its way into the gainers of the day. After trading began at $34.61 the stock was seen hitting $34.88 as a peak level and $34.525 as the lowest level. The stock ended up at $34.81. The daily volume was measured at 1,252,183 shares. The 52-week high of the share price is $37.71 and the 52-week low is $24.21. The company has a market cap of $5,079 million.
Shares of Gaming and Leisure Properties, Inc rose by 3.69% in the last five trading days and 8.16% for the last 4 weeks. Gaming and Leisure Properties, Inc is up 18.63% in the last 3-month period. Year-to-Date the stock performance stands at 30.15%.
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.