News stories about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gaming and Leisure Properties earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5570474324989 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Gaming & Leisure Properties, Inc. breached its 50 day moving average in a Bearish Manner : GLPI-US : September 14, 2017 (finance.yahoo.com)
- Gaming and Leisure Properties (GLPI) versus Its Rivals Head to Head Contrast (americanbankingnews.com)
- Zacks: Brokerages Anticipate Gaming and Leisure Properties, Inc. (GLPI) Will Announce Quarterly Sales of $243.51 Million (americanbankingnews.com)
- Critical Review: Gaming and Leisure Properties (GLPI) & Chesapeake Lodging Trust (CHSP) (americanbankingnews.com)
- Analyzing Host Hotels & Resorts (HST) & Gaming and Leisure Properties (GLPI) (americanbankingnews.com)
Gaming and Leisure Properties (GLPI) traded up 0.08% on Friday, reaching $37.62. 1,291,756 shares of the company’s stock were exchanged. The stock has a market capitalization of $7.99 billion, a PE ratio of 20.78 and a beta of 0.89. The firm has a 50 day moving average of $38.17 and a 200 day moving average of $35.94. Gaming and Leisure Properties has a 12 month low of $29.32 and a 12 month high of $39.32.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.32). The business had revenue of $243.40 million during the quarter, compared to the consensus estimate of $243.77 million. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Equities analysts predict that Gaming and Leisure Properties will post $1.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.63 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date is Thursday, September 7th. Gaming and Leisure Properties’s payout ratio is presently 141.57%.
Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, June 15th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. BidaskClub downgraded shares of Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.57.
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About Gaming and Leisure Properties
Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.
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