Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45, MarketWatch Earnings reports. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Gaming and Leisure Properties’s revenue was up 4.8% compared to the same quarter last year. Gaming and Leisure Properties updated its Q4 guidance to $0.56 EPS.
Shares of Gaming and Leisure Properties (NASDAQ GLPI) opened at $36.78 on Monday. Gaming and Leisure Properties has a 52 week low of $29.32 and a 52 week high of $39.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $7,819.54, a P/E ratio of 11.65, a P/E/G ratio of 3.86 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 6.85%. Gaming and Leisure Properties’s payout ratio is 140.00%.
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Several equities research analysts have issued reports on GLPI shares. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, October 31st. Barclays PLC upped their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.86.
In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $36.23 per share, with a total value of $181,150.00. Following the purchase, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 5.88% of the stock is currently owned by corporate insiders.
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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