GLPI FY2024 EPS Estimate Boosted by Capital One Financial

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) – Capital One Financial lifted their FY2024 earnings estimates for Gaming and Leisure Properties in a note issued to investors on Monday, February 3rd. Capital One Financial analyst D. Guglielmo now forecasts that the real estate investment trust will post earnings per share of $3.68 for the year, up from their prior estimate of $3.67. The consensus estimate for Gaming and Leisure Properties’ current full-year earnings is $3.67 per share. Capital One Financial also issued estimates for Gaming and Leisure Properties’ Q1 2025 earnings at $0.94 EPS and Q3 2025 earnings at $0.94 EPS.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Scotiabank lowered their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Up 1.1 %

Shares of NASDAQ:GLPI opened at $49.08 on Wednesday. Gaming and Leisure Properties has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The stock has a market cap of $13.47 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.97 and a beta of 0.99. The firm has a fifty day moving average price of $48.54 and a 200 day moving average price of $49.79.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.19%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Insider Buying and Selling

In other news, SVP Matthew Demchyk sold 1,149 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the transaction, the senior vice president now directly owns 91,620 shares of the company’s stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,222 shares of company stock valued at $1,624,947. 4.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. CKW Financial Group grew its holdings in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 91.14% 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.