Somewhat Favorable News Coverage Somewhat Unlikely to Impact Gaming and Leisure Properties (GLPI) Stock Price
Press coverage about Gaming and Leisure Properties (NASDAQ:GLPI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news 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 nearest to one being the most favorable. Gaming and Leisure Properties earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.17855253484 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded up $0.21 during trading on Friday, reaching $36.32. 738,100 shares of the company’s stock were exchanged, compared to its average volume of 983,187. The company has a market cap of $7,680.00, a price-to-earnings ratio of 11.44, a PEG ratio of 3.79 and a beta of 0.58. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $39.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. sell-side analysts expect that Gaming and Leisure Properties will post 3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.
Several brokerages have recently weighed in on GLPI. Stifel Nicolaus reiterated a “hold” rating and set a $39.00 price objective on shares of Gaming and Leisure Properties in a report on Friday, July 28th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Barclays PLC increased their price objective on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.86.
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In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the completion of the purchase, the director now directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.88% of the company’s stock.
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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