Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.32, Briefing.com reports. The business had revenue of $243.40 million for the quarter, compared to the consensus estimate of $243.77 million. Gaming and Leisure Properties had a return on equity of 17.14% and a net margin of 38.99%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share.

Shares of Gaming and Leisure Properties (GLPI) opened at 38.22 on Monday. The firm has a market cap of $8.12 billion, a PE ratio of 21.44 and a beta of 0.90. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $38.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s payout ratio is 139.33%.

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A number of analysts recently commented on GLPI shares. Deutsche Bank AG lifted their price target on Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, May 2nd. TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Ladenburg Thalmann Financial Services began coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They issued a “buy” rating and a $41.00 target price on the stock. Finally, BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.71.

In related news, Director Barry F. Schwartz purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the completion of the transaction, the director now owns 14,804 shares in the company, valued at approximately $539,457.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 291 shares in the last quarter. Penserra Capital Management LLC raised its position in Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,228 shares in the last quarter. Geneva Advisors LLC bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Vident Investment Advisory LLC bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Finally, Neuberger Berman Group LLC bought a new position in Gaming and Leisure Properties during the first quarter valued at approximately $205,000. Institutional investors own 90.20% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.

Earnings History for Gaming and Leisure Properties (NASDAQ:GLPI)

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