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

Gaming and Leisure Properties (NASDAQ:GLPI) is expected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $391.54 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Gaming and Leisure Properties Stock Down 0.7 %

Gaming and Leisure Properties stock opened at $48.44 on Thursday. The business has a fifty day moving average of $48.30 and a two-hundred day moving average of $49.79. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.29 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties has a twelve month low of $41.80 and a twelve month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.28%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Analyst Ratings Changes

Several analysts have recently commented on GLPI shares. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $49.00 to $54.00 in a report on Friday, December 13th. Scotiabank cut their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus increased their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays started coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Finally, StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Insider Buying and Selling

In related news, SVP Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares in the company, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now owns 278,634 shares in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $1,624,947 over the last ninety days. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.