Capital One Financial Research Analysts Increase Earnings Estimates for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) – Equities research analysts at Capital One Financial boosted their FY2024 EPS estimates for shares of Gaming and Leisure Properties in a research note issued to investors on Tuesday, October 8th. Capital One Financial analyst D. Guglielmo now forecasts that the real estate investment trust will earn $3.67 per share for the year, up from their prior estimate of $3.65. The consensus estimate for Gaming and Leisure Properties’ current full-year earnings is $3.67 per share.

Several other research analysts have also recently issued reports on GLPI. Royal Bank of Canada increased their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, July 29th. UBS Group upped their price target on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Raymond James upped their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Scotiabank upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and a consensus target price of $52.18.

Gaming and Leisure Properties Price Performance

NASDAQ GLPI opened at $51.03 on Wednesday. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 5.36 and a beta of 0.99. The company has a 50-day moving average price of $50.69 and a two-hundred day moving average price of $47.01.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The business had revenue of $380.60 million for the quarter, compared to the consensus estimate of $377.95 million. During the same period in the prior year, the company earned $0.92 EPS. Gaming and Leisure Properties’s quarterly revenue was up 6.7% on a year-over-year basis.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 5.96%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 112.18%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total transaction of $274,028.45. Following the transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director E Scott Urdang sold 5,605 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now directly owns 156,685 shares in the company, valued at approximately $7,660,329.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Brandon John Moore sold 30,900 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total transaction of $1,546,545.00. Following the completion of the transaction, the chief operating officer now owns 208,977 shares in the company, valued at $10,459,298.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,478 shares of company stock worth $2,495,429 in the last 90 days. 4.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties in the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings in Gaming and Leisure Properties by 578.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 590 shares during the period. EdgeRock Capital LLC bought a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $33,000. MCF Advisors LLC boosted its holdings in Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 600 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 740 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.