Gaming and Leisure Properties (NASDAQ:GLPI) Posts Earnings Results, Beats Estimates By $0.01 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01, Zacks reports. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties updated its FY 2025 guidance to 3.830-3.880 EPS.

Gaming and Leisure Properties Stock Down 0.6 %

Shares of NASDAQ:GLPI opened at $49.11 on Friday. The stock has a fifty day simple moving average of $48.14 and a two-hundred day simple moving average of $49.76. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $52.60. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Scotiabank decreased their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Mizuho decreased their target price on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

Insider Buying and Selling at Gaming and Leisure Properties

In related news, SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,222 shares of company stock worth $1,624,947. 4.37% of the stock is owned by 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.