Gaming and Leisure Properties Inc (NASDAQ:GLPI) gets upgraded to Buy by Morgan Stanley with a price target of $37.00

ME Staff
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Analyst Ratings For Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Today, Gaming and Leisure Properties Inc (NASDAQ:GLPI) stock received an upgrade by Morgan Stanley from Equal Weight to Buy with a price target of $37.00.

There are 5 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Gaming and Leisure Properties Inc (NASDAQ:GLPI) is Buy with a consensus target price of $38.50 per share, a potential 6.71% upside.

Some recent analyst ratings include

  • 7/24/2018-Morgan Stanley Upgrade from a “Equal Weight ” rating to a ” Buy” rating.
  • 2/9/2018-Stifel Nicolaus Reiterated Rating of Hold.
  • 1/18/2018-Jefferies Financial Group initiated coverage with a Hold rating.
  • 1/11/2018-SunTrust Banks Upgrade from a “Hold ” rating to a ” Buy” rating.

Recent Insider Trading Activity For Gaming and Leisure Properties Inc (NASDAQ:GLPI)
Gaming and Leisure Properties Inc (NASDAQ:GLPI) has insider ownership of 5.88% and institutional ownership of 88.78%.

  • On 6/8/2018 E Scott Urdang, Director, bought 3,000 with an average share price of $35.32 per share and the total transaction amounting to $105,960.00.
  • On 2/12/2018 Peter M Carlino, CEO, bought 40,000 with an average share price of $33.33 per share and the total transaction amounting to $1,333,200.00.
  • On 2/12/2018 William J Clifford, CFO, bought 54,606 with an average share price of $33.00 per share and the total transaction amounting to $1,801,998.00.
  • On 10/30/2017 E Scott Urdang, Director, bought 5,000 with an average share price of $36.23 per share and the total transaction amounting to $181,150.00.
  • On 6/16/2017 Barry F Schwartz, Director, bought 10,000 with an average share price of $36.44 per share and the total transaction amounting to $364,400.00.
  • On 2/28/2017 Steven T Snyder, SVP, sold 217,839 with an average share price of $32.12 per share and the total transaction amounting to $6,996,988.68.
  • On 11/18/2016 Steven T Snyder, SVP, sold 181,843 with an average share price of $30.20 per share and the total transaction amounting to $5,491,658.60.

About Gaming and Leisure Properties Inc (NASDAQ:GLPI)
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators. GLPI also intends to diversify its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties. GLPI elected to be taxed as a REIT for United States federal income tax purposes commencing with the 2014 taxable year and is the first gaming-focused REIT in North America.

Recent Trading Activity for Gaming and Leisure Properties Inc (NASDAQ:GLPI)
Shares of Gaming and Leisure Properties Inc closed the previous trading session at 36.08 −0.37 1.02% with shares trading hands.