Gaming and Leisure Properties Inc (NASDAQ:GLPI) – Equities research analysts at Truist Securiti issued their Q1 2021 earnings per share estimates for shares of Gaming and Leisure Properties in a report released on Tuesday, September 15th. Truist Securiti analyst B. Jonas anticipates that the real estate investment trust will earn $0.82 per share for the quarter. Truist Securiti also issued estimates for Gaming and Leisure Properties’ Q2 2021 earnings at $0.82 EPS, Q3 2021 earnings at $0.83 EPS and Q4 2021 earnings at $0.82 EPS.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.28). Gaming and Leisure Properties had a net margin of 36.90% and a return on equity of 19.97%. The company had revenue of $261.97 million for the quarter, compared to analysts’ expectations of $259.53 million.

Several other equities analysts have also recently commented on GLPI. BidaskClub upgraded shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wolfe Research started coverage on shares of Gaming and Leisure Properties in a report on Wednesday, June 24th. They issued an “outperform” rating and a $46.00 price objective for the company. TheStreet upgraded shares of Gaming and Leisure Properties from a “c” rating to a “b-” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley boosted their target price on shares of Gaming and Leisure Properties from $32.41 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $40.40.

Gaming and Leisure Properties stock opened at $38.68 on Wednesday. The company’s fifty day simple moving average is $37.34 and its 200-day simple moving average is $33.42. The company has a quick ratio of 4.81, a current ratio of 4.81 and a debt-to-equity ratio of 2.74. Gaming and Leisure Properties has a 12 month low of $12.78 and a 12 month high of $49.99. The stock has a market cap of $8.43 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.71 and a beta of 0.97.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.20%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, August 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 69.77%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLPI. Signaturefd LLC lifted its holdings in Gaming and Leisure Properties by 46.1% in the second quarter. Signaturefd LLC now owns 1,055 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 333 shares during the period. Sowell Financial Services LLC raised its holdings in Gaming and Leisure Properties by 104.3% in the first quarter. Sowell Financial Services LLC now owns 1,622 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 828 shares during the period. Emerald Advisers LLC acquired a new stake in Gaming and Leisure Properties in the second quarter worth $119,000. Private Advisor Group LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $133,000. Finally, Brasada Capital Management LP acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $212,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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

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