News stories about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1610751768802 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Gaming and Leisure Properties (NASDAQ GLPI) traded up $0.08 during trading on Thursday, hitting $33.93. 1,579,821 shares of the company traded hands, compared to its average volume of 1,377,283. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $7,164.30, a price-to-earnings ratio of 19.06 and a beta of 0.85. Gaming and Leisure Properties has a 52 week low of $30.76 and a 52 week high of $39.32.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). The business had revenue of $240.70 million during the quarter, compared to the consensus estimate of $243.27 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 39.18%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. equities analysts anticipate that Gaming and Leisure Properties will post 3.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 7.43%. Gaming and Leisure Properties’s payout ratio is 141.57%.
Several brokerages have commented on GLPI. BidaskClub upgraded shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Thursday. Bank of America decreased their price objective on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating for the company in a report on Friday, February 9th. Stifel Nicolaus restated a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, Morgan Stanley decreased their price objective on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.13.
In other Gaming and Leisure Properties news, CFO William J. Clifford purchased 54,606 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $1,801,998.00. Following the purchase, the chief financial officer now directly owns 320,674 shares in the company, valued at $10,582,242. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Carlino purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $33.33 per share, with a total value of $1,333,200.00. Following the completion of the purchase, the chief executive officer now owns 4,388,089 shares in the company, valued at $146,255,006.37. The disclosure for this purchase can be found here. 5.88% of the stock is owned by company insiders.
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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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