Gaming and Leisure Properties (GLPI) to Release Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Gaming and Leisure Properties to post earnings of $0.90 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Gaming and Leisure Properties Stock Up 1.3 %

Shares of NASDAQ:GLPI opened at $43.54 on Wednesday. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 5.34 and a beta of 0.94. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.31. The company’s fifty day moving average is $44.95 and its two-hundred day moving average is $45.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41.

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.98%. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. Gaming and Leisure Properties’s dividend payout ratio is currently 109.75%.

Insider Buying and Selling at Gaming and Leisure Properties

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Mizuho lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. JMP Securities restated a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Morgan Stanley lowered their price target on shares of 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. Royal Bank of Canada decreased their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.09.

Gaming and Leisure Properties Company Profile

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.