Gaming and Leisure Properties (GLPI) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media headlines about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gaming and Leisure Properties earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.551761434157 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Gaming and Leisure Properties Inc (GLPI) Formed Double Top; Buyers Could Thrive (expressnewsline.com)
- Zacks: Brokerages Expect Gaming and Leisure Properties, Inc. (GLPI) Will Announce Quarterly Sales of $243.51 Million (americanbankingnews.com)
- $0.79 EPS Expected for Gaming and Leisure Properties, Inc. (GLPI) This Quarter (americanbankingnews.com)
- Gaming and Leisure Properties, Inc. (GLPI) Rating Increased to Buy at BidaskClub (americanbankingnews.com)
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 38.46 on Monday. Gaming and Leisure Properties has a 12-month low of $29.32 and a 12-month high of $38.89.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.32. The business had revenue of $243.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. On average, equities research analysts expect that Gaming and Leisure Properties will post $1.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 6.55%. The ex-dividend date is Thursday, September 7th. This is an increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 139.33%.
Several research firms have issued reports on GLPI. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research report on Monday, May 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Barclays PLC increased their price objective on Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.
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In other news, Director Barry F. Schwartz bought 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was purchased at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the acquisition, the director now owns 14,804 shares in the company, valued at $539,457.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.88% of the stock is currently owned by corporate insiders.
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.
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