Gaming and Leisure Properties (GLPI) Scheduled to Post Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Gaming and Leisure Properties Trading Up 0.4 %

Shares of GLPI stock opened at $42.98 on Tuesday. Gaming and Leisure Properties has a fifty-two week low of $41.80 and a fifty-two week high of $52.31. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41. The stock’s fifty day moving average is $44.97 and its two-hundred day moving average is $45.96. The firm has a market capitalization of $11.67 billion, a P/E ratio of 15.52, a PEG ratio of 5.34 and a beta of 0.94.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.76 dividend. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Thursday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 109.75%.

Insiders Place Their Bets

In related news, Director E Scott Urdang acquired 2,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $45.00 per share, for a total transaction of $112,500.00. Following the acquisition, the director now owns 156,685 shares in the company, valued at approximately $7,050,825. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLPI has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a report on Monday, March 4th. Mizuho reduced their price objective on Gaming and Leisure Properties from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley lowered their price objective on Gaming and Leisure Properties from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.09.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.