Media stories about Gaming and Leisure Properties (NASDAQ:GLPI) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing 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 nearest to one being the most favorable. Gaming and Leisure Properties earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.6598667326348 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts have recently commented on the stock. Ladenburg Thalmann Financial Services set a $43.00 price target on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 24th. Finally, Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Gaming and Leisure Properties has an average rating of “Buy” and an average target price of $40.17.
Gaming and Leisure Properties (GLPI) traded up $0.34 during trading on Thursday, reaching $36.94. 520,900 shares of the company traded hands, compared to its average volume of 989,127. The stock has a market cap of $7,850.00, a price-to-earnings ratio of 20.52 and a beta of 0.57. Gaming and Leisure Properties has a one year low of $29.96 and a one year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. 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 firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. analysts predict that Gaming and Leisure Properties will post 3.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is 140.00%.
In other news, Director E Scott Urdang bought 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on 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 acquisition, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.88% of the company’s stock.
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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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