Gaming and Leisure Properties (GLPI) Scheduled to Post Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI) will 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. Parties interested in listening to the company’s conference call can do so using this link.

Gaming and Leisure Properties Trading Up 0.4 %

Shares of GLPI stock opened at $42.98 on Tuesday. The business’s fifty day moving average price is $44.97 and its 200 day moving average price is $45.96. The firm has a market capitalization of $11.67 billion, a PE ratio of 15.52, a P/E/G ratio of 5.34 and a beta of 0.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.41 and a quick ratio of 7.41. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.31.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.76 per share. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Thursday, March 14th. Gaming and Leisure Properties’s payout ratio is presently 109.75%.

Analyst Upgrades and Downgrades

GLPI has been the topic of a number of research analyst reports. Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, March 7th. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Morgan Stanley lowered their price objective on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. JMP Securities restated a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Finally, Royal Bank of Canada lowered their price target on shares of 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. Five 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 an average rating of “Moderate Buy” and a consensus target price of $52.09.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang acquired 2,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the acquisition, the director now directly owns 156,685 shares in the company, valued at approximately $7,050,825. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by insiders.

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.