Q1 2024 Earnings Estimate for Gaming and Leisure Properties, Inc. Issued By Capital One Financial (NASDAQ:GLPI)

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) – Research analysts at Capital One Financial decreased their Q1 2024 earnings per share (EPS) estimates for Gaming and Leisure Properties in a report issued on Wednesday, April 17th. Capital One Financial analyst D. Guglielmo now forecasts that the real estate investment trust will post earnings of $0.90 per share for the quarter, down from their prior estimate of $0.91. The consensus estimate for Gaming and Leisure Properties’ current full-year earnings is $3.67 per share. Capital One Financial also issued estimates for Gaming and Leisure Properties’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $0.94 EPS, FY2024 earnings at $3.66 EPS and FY2025 earnings at $3.72 EPS.

A number of other analysts also recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a report on Monday, March 4th. StockNews.com raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Mizuho reduced their price target on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Morgan Stanley cut their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.09.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $42.98 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. The firm’s 50 day simple moving average is $44.97 and its 200-day simple moving average is $45.96. Gaming and Leisure Properties has a 12 month low of $41.80 and a 12 month high of $52.31. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 5.34 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC increased its position in Gaming and Leisure Properties by 38.7% during the third quarter. CWM LLC now owns 1,954 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 545 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Gaming and Leisure Properties by 79.3% during the 3rd quarter. AE Wealth Management LLC now owns 23,613 shares of the real estate investment trust’s stock worth $1,076,000 after buying an additional 10,445 shares during the last quarter. DnB Asset Management AS raised its position in shares of Gaming and Leisure Properties by 21.0% during the 3rd quarter. DnB Asset Management AS now owns 56,780 shares of the real estate investment trust’s stock valued at $2,586,000 after buying an additional 9,867 shares during the period. State of Alaska Department of Revenue lifted its holdings in Gaming and Leisure Properties by 12.3% in the third quarter. State of Alaska Department of Revenue now owns 300,484 shares of the real estate investment trust’s stock valued at $13,685,000 after acquiring an additional 32,841 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its position in Gaming and Leisure Properties by 1,227.4% in the third quarter. Impact Partnership Wealth LLC now owns 7,513 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 6,947 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 2,500 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the completion of the transaction, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.76 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 109.75%.

About Gaming and Leisure Properties

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.