Gaming and Leisure Properties (GLPI) to Release 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $42.03 on Thursday. The company has a market capitalization of $11.41 billion, a PE ratio of 15.17, a P/E/G ratio of 5.35 and a beta of 0.94. The company has a quick ratio of 7.41, a current ratio of 7.41 and a debt-to-equity ratio of 1.48. Gaming and Leisure Properties has a twelve month low of $41.80 and a twelve month high of $52.45. The firm has a fifty day simple moving average of $45.15 and a 200 day simple moving average of $46.00.

Gaming and Leisure Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.23%. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s payout ratio is currently 109.75%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GLPI. Morgan Stanley dropped their price target on 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. Royal Bank of Canada dropped their target price 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. Mizuho reduced 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 report on Thursday, March 7th. 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. Finally, JMP Securities reissued a “market outperform” rating and set a $53.00 price objective on shares of Gaming and Leisure Properties in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.09.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Gaming and Leisure Properties by 14.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 117,038 shares of the real estate investment trust’s stock valued at $5,776,000 after acquiring an additional 14,517 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Gaming and Leisure Properties by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 110,314 shares of the real estate investment trust’s stock valued at $5,444,000 after purchasing an additional 2,775 shares during the last quarter. Employees Retirement System of Texas grew its holdings in Gaming and Leisure Properties by 79.2% during the fourth quarter. Employees Retirement System of Texas now owns 156,164 shares of the real estate investment trust’s stock valued at $7,707,000 after purchasing an additional 69,000 shares during the period. Chartwell Investment Partners LLC grew its holdings in Gaming and Leisure Properties by 142.3% during the fourth quarter. Chartwell Investment Partners LLC now owns 259,216 shares of the real estate investment trust’s stock valued at $12,792,000 after purchasing an additional 152,216 shares during the period. Finally, Morse Asset Management Inc increased its position in Gaming and Leisure Properties by 14.5% in the fourth quarter. Morse Asset Management Inc now owns 13,420 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

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.