Gaming and Leisure Properties (GLPI) Set to Announce Quarterly Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI) will be posting 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 that wish to register for the company’s earnings conference call can do so using this link.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $42.03 on Thursday. The stock’s fifty day simple moving average is $45.15 and its 200 day simple moving average is $46.00. The company has a quick ratio of 7.41, a current ratio of 7.41 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 5.35 and a beta of 0.94. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week high of $52.45.

Gaming and Leisure Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given 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 dividend yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 109.75%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $45.00 per share, with a total value of $112,500.00. Following the transaction, 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 through this link. Corporate insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors LLC increased its stake in Gaming and Leisure Properties by 203.0% during the first quarter. Atlas Capital Advisors LLC now owns 512 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 343 shares during the period. Zions Bancorporation N.A. acquired a new stake in Gaming and Leisure Properties during the first quarter worth $43,000. Rockefeller Capital Management L.P. increased its holdings in Gaming and Leisure Properties by 37.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,378 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 378 shares during the period. Ossiam raised its stake in shares of Gaming and Leisure Properties by 19.1% in the 1st quarter. Ossiam now owns 2,959 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 474 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Gaming and Leisure Properties by 306.5% during the 1st quarter. Covestor Ltd now owns 3,569 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 2,691 shares during the period. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho reduced their target price 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 cut 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. JMP Securities reissued a “market outperform” rating and set a $53.00 target price on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Finally, Morgan Stanley lowered their target price 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.09.

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.