News stories about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gaming and Leisure Properties earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.5052240864745 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Gaming and Leisure Properties (GLPI) traded up $0.25 during trading hours on Wednesday, hitting $33.85. The company had a trading volume of 2,097,122 shares, compared to its average volume of 1,373,232. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.80 and a current ratio of 0.80. Gaming and Leisure Properties has a 12 month low of $30.39 and a 12 month high of $39.32. The company has a market cap of $7,230.00, a price-to-earnings ratio of 18.96 and a beta of 0.59.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.31%. The company had revenue of $240.70 million for the quarter, compared to the consensus estimate of $243.27 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. sell-side analysts predict that Gaming and Leisure Properties will post 3.05 EPS for the current fiscal year.
Several analysts have issued reports on the company. Ladenburg Thalmann Financial Services set a $43.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Tuesday, December 19th. UBS Group upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Jefferies Group assumed coverage on Gaming and Leisure Properties in a research note on Thursday, January 18th. They issued a “hold” rating on the stock. Barclays restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Finally, BidaskClub upgraded Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Gaming and Leisure Properties presently has a consensus rating of “Hold” and an average price target of $38.13.
In other Gaming and Leisure Properties news, CEO Peter M. Carlino bought 40,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $33.33 per share, for a total transaction of $1,333,200.00. Following the purchase, the chief executive officer now directly owns 4,388,089 shares of the company’s stock, valued at $146,255,006.37. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William J. Clifford bought 54,606 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $1,801,998.00. Following the completion of the purchase, the chief financial officer now directly owns 320,674 shares in the company, valued at $10,582,242. The disclosure for this purchase can be found here. 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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