UBS Initiates Coverage on Gaming and Leisure Properties Inc to Neutral

UBS Initiates Coverage on Gaming and Leisure Properties Inc(NASDAQ:GLPI). The shares have been rated Neutral. The rating by UBS was issued on Sep 26, 2016.

In a different note, On Sep 7, 2016, Morgan Stanley said it Upgrades its rating on Gaming and Leisure Properties Inc. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on Gaming and Leisure Properties Inc. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Buy’ by the firm.

Gaming and Leisure Properties Inc (GLPI) made into the market gainers list on Thursdays trading session with the shares advancing 1.37% or 0.46 points. Due to strong positive momentum, the stock ended at $34, which is also near the day’s high of $34.16. The stock began the session at $33.66 and the volume stood at 7,63,881 shares. The 52-week high of the shares is $35.98 and the 52 week low is $24.21. The company has a current market capitalization of $6,974 M and it has 20,51,21,750 shares in outstanding.

Gaming and Leisure Properties Inc(GLPI) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $207.36M. Analysts had an estimated revenue of $212.11M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 157,241 shares at $34.78 per share price.Also, On Aug 16, 2016, Desiree A. Burke (SVP & Chief Accounting Officer) sold 132,156 shares at $35.41 per share price.On Jul 15, 2016, Peter M Carlino (Chairman & CEO) sold 269,130 shares at $35.03 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

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