Gaming and Leisure Properties (GLPI) Given Daily News Sentiment Rating of 0.56
Media stories about Gaming and Leisure Properties (NASDAQ:GLPI) have trended very positive on Monday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gaming and Leisure Properties earned a coverage optimism score of 0.56 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
A number of brokerages recently issued reports on GLPI. BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. 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 objective for the company. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday, June 15th. Stifel Nicolaus reissued a “hold” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research note on Friday, July 28th. Finally, TheStreet raised shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.71.
Gaming and Leisure Properties (NASDAQ:GLPI) traded up 0.55% during trading on Monday, hitting $38.43. The company had a trading volume of 602,951 shares. Gaming and Leisure Properties has a 52-week low of $29.32 and a 52-week high of $38.89. The firm has a market capitalization of $8.17 billion, a P/E ratio of 21.55 and a beta of 0.90.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.32. The firm had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $243.77 million. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. Gaming and Leisure Properties’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. On average, equities analysts forecast that Gaming and Leisure Properties will post $1.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.63 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 6.56%. The ex-dividend date is Thursday, September 7th. Gaming and Leisure Properties’s payout ratio is 139.33%.
In other news, Director Barry F. Schwartz acquired 10,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average cost of $36.44 per share, with a total value of $364,400.00. Following the transaction, the director now owns 14,804 shares in the company, valued at $539,457.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.88% of the stock is currently owned by insiders.
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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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