Gaming and Leisure Properties (GLPI) to Release Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Gaming and Leisure Properties Stock Up 1.3 %

Shares of NASDAQ GLPI opened at $43.54 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 7.41 and a current ratio of 7.41. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.31. The stock has a market capitalization of $11.82 billion, a P/E ratio of 15.72, a PEG ratio of 5.34 and a beta of 0.94. The stock’s fifty day moving average is $44.95 and its 200 day moving average is $45.94.

Gaming and Leisure Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.76 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.98%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.73. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 109.75%.

Insider Activity

In other news, Director E Scott Urdang purchased 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $45.00 per share, with a total value of $112,500.00. Following the completion of the purchase, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,050,825. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GLPI shares. StockNews.com upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. 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 note on Thursday, March 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $53.00 price objective on shares of Gaming and Leisure Properties in a research note on Monday, March 4th. Morgan Stanley reduced 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. Finally, Royal Bank of Canada reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.09.

About Gaming and Leisure Properties

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.