Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45, MarketWatch Earnings reports. The company had revenue of $244.50 million during the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. 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 Friday. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $39.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market cap of $7,819.54, a P/E ratio of 11.65, a PEG 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. This represents a $2.52 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is presently 140.00%.
In other news, Director E Scott Urdang purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the acquisition, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.88% of the stock is owned by insiders.
A number of analysts have recently weighed in on the stock. Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, Barclays PLC increased their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.86.
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Gaming and Leisure Properties Company Profile
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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