Gaming and Leisure Properties (GLPI) Earns Coverage Optimism Rating of 0.10

Media coverage about Gaming and Leisure Properties (NASDAQ:GLPI) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest 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 stories about the real estate investment trust an impact score of 46.5052240864745 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several research firms recently weighed in on GLPI. Ladenburg Thalmann Financial Services set a $40.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, February 12th. SunTrust Banks raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. UBS raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Morgan Stanley cut their target price on Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.13.

Shares of Gaming and Leisure Properties stock traded up $0.06 on Thursday, hitting $33.54. The stock had a trading volume of 525,601 shares, compared to its average volume of 1,360,999. 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 $31.86 and a 12-month high of $39.32. The stock has a market cap of $7,247.46, a price-to-earnings ratio of 10.88 and a beta of 0.85.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.33). The firm had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.31%. Gaming and Leisure Properties’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. research analysts forecast that Gaming and Leisure Properties will post 3.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 7.51%. The ex-dividend date is Thursday, March 8th. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

In other news, CEO Peter M. Carlino purchased 40,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $33.33 per share, for a total transaction of $1,333,200.00. Following the acquisition, the chief executive officer now directly owns 4,388,089 shares of the company’s stock, valued at $146,255,006.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William J. Clifford purchased 54,606 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $33.00 per share, with a total value of $1,801,998.00. Following the acquisition, 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. Corporate insiders own 5.88% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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