Gaming and Leisure Properties (GLPI) Expected to Announce Earnings on Thursday

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

Gaming and Leisure Properties Stock Up 0.9 %

Shares of NASDAQ GLPI opened at $49.04 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.01 and a beta of 0.99. The stock has a 50 day moving average price of $48.17 and a 200 day moving average price of $49.76. Gaming and Leisure Properties has a 52-week low of $41.80 and a 52-week 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. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Insider Transactions at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now owns 54,140 shares in the company, valued at $2,674,516. This represents a 24.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,222 shares of company stock valued at $1,624,947 in the last ninety days. 4.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. 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. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus upped 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. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

About Gaming and Leisure Properties

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.