Gaming and Leisure Properties (GLPI) Projected to Post Quarterly Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $396.27 million for the quarter. Gaming and Leisure Properties has set its FY 2025 guidance at 3.830-3.880 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. On average, analysts expect Gaming and Leisure Properties to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Gaming and Leisure Properties Stock Up 0.9 %

GLPI stock traded up $0.46 during midday trading on Friday, hitting $49.52. The company's stock had a trading volume of 904,292 shares, compared to its average volume of 1,243,918. Gaming and Leisure Properties has a 12 month low of $42.20 and a 12 month high of $52.60. The firm's 50-day moving average is $49.42 and its 200-day moving average is $49.41. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market cap of $13.61 billion, a PE ratio of 17.25, a P/E/G ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.14%. Gaming and Leisure Properties's dividend payout ratio is presently 105.92%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank reduced their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Barclays cut their price target on Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Tuesday, March 4th. Mizuho increased their price objective on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada decreased their target price on Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, Morgan Stanley cut shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $54.11.

Insider Activity

In other news, Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the transaction, the director now directly owns 140,953 shares in the company, valued at approximately $7,173,098.17. This trade represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk sold 1,903 shares of Gaming and Leisure Properties stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.99, for a total value of $98,936.97. Following the completion of the transaction, the senior vice president now owns 41,298 shares in the company, valued at $2,147,083.02. This trade represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,933 shares of company stock valued at $2,533,487. 4.37% of the stock is currently owned by insiders.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.