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

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

Gaming and Leisure Properties Stock Up 0.9 %

GLPI stock opened at $49.04 on Wednesday. The company has a market cap 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 company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a 12 month low of $41.80 and a 12 month high of $52.60. The firm has a 50-day moving average of $48.17 and a two-hundred day moving average of $49.76.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a yield of 6.20%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Analyst Ratings Changes

GLPI has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $49.00 to $54.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Barclays initiated coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price objective for the company. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Mizuho cut their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares of the company’s stock, valued at $4,379,436. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is owned by company insiders.

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.