Media stories about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending very positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 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 nearest to one being the most favorable. Gaming and Leisure Properties earned a media sentiment score of 0.56 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Gaming and Leisure Properties, (NASDAQ:GLPI) Sees Heavy Trading Volume with 2,811K Shares Changing Hands (highlightpress.com)
- Gaming and Leisure Properties, Inc. (GLPI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- $243.55 Million in Sales Expected for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) This Quarter (americanbankingnews.com)
- Gaming and Leisure Properties, Inc. (GLPI) Expected to Announce Earnings of $0.77 Per Share (americanbankingnews.com)
- Gaming and Leisure Properties Inc (NASDAQ:GLPI) has analysts on the Bullish side this week. (ozseeker.net)
A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Ladenburg Thalmann Financial Services assumed coverage on shares of Gaming and Leisure Properties in a research note on Friday, June 2nd. They issued a “buy” rating and a $41.00 price target on the stock. TheStreet upgraded shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Finally, Deutsche Bank AG upped their price target on shares of Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.50.
Gaming and Leisure Properties (NASDAQ:GLPI) opened at 37.68 on Thursday. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $38.89.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Gaming and Leisure Properties had a return on equity of 16.42% and a net margin of 38.01%. The company had revenue of $242.71 million during the quarter, compared to the consensus estimate of $240.88 million. During the same period in the previous year, the company posted $0.27 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 63.1% on a year-over-year basis. Equities analysts expect that Gaming and Leisure Properties will post $1.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Wednesday, June 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 144.19%.
In other Gaming and Leisure Properties news, Director Barry F. Schwartz acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average cost of $36.44 per share, for a total transaction of $364,400.00. Following the completion of the transaction, the director now directly owns 14,804 shares of the company’s stock, valued at $539,457.76. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.88% of the stock is owned by insiders.
About Gaming and Leisure Properties
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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