Gaming and Leisure Properties (NASDAQ:GLPI) New Coverage by Jefferies
Jefferies started coverage on shares of Gaming and Leisure Properties (NASDAQ:GLPI) in analysts note released on Friday morning. The firm issued “Hold” rating on GLPI stock.
After the new coverage NASDAQ:GLPI is now trading -0.38% lower at $36.64 as of 4:07 AM New York time. Gaming and Leisure Properties’s stock is 0% over the last 200 days. It has underperformed the S&P 500 Index, which has gained 6.00% over the same time.
According to data compiled by Thomson Reuters, Gaming and Leisure Properties (NASDAQ:GLPI)’s stock is covered by 9 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $33.89, which reflects an downside potential of 7.51% over the current price.
Covalent Partners Llc had the biggest stake with ownership of 532,626 shares as of Q2 2015 for 6.95% of the US equity exposure. Goodnow Investment Group Llc is another bullish investment professional who is owning 810,114 shares of Gaming and Leisure Properties or 6.42% of their US equity exposure. Furthermore, Broad Run Investment Management Llc have 4.97% of their US equity exposure invested in the company for 3.27M shares. The New York-based fund Md Sass Investors Services Inc revealed it had bought a stake worth about 4.82% of the investment professional’s stock portfolio in Gaming and Leisure Properties. The New York-based fund Gates Capital Management Inc. is also positive about the stock, possessing 2.55M shares or 4.39% of their US equity exposure.
Gaming and Leisure Properties (NASDAQ:GLPI) Profile
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed Pennsylvania 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. Its segments include GLP Capital, L.P. (GLP Capital), through which the Company owns all of its real estate assets, and the TRS Properties, which consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.
Gaming and Leisure Properties (NASDAQ:GLPI) traded down -0.38% on 19 January, hitting $36.64. A total of 1.16M shares of the company’s stock traded hands. This is up from average of 1.02M shares. Gaming and Leisure Properties has a 52 week low of $29.32 and a 52 week high of $39.32. The company has a market cap of $7.79B and a P/E ratio of 20.36.
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