Gaming and Leisure Properties (GLPI) to Release Earnings on Thursday

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Gaming and Leisure Properties to post earnings of $0.94 per share and revenue of $391.54 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Gaming and Leisure Properties Stock Down 1.4 %

Shares of NASDAQ:GLPI traded down $0.69 on Friday, hitting $48.61. 1,105,286 shares of the company traded hands, compared to its average volume of 946,372. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a 50 day simple moving average of $48.22 and a 200-day simple moving average of $49.77. The company has a market cap of $13.34 billion, a PE ratio of 17.00, a PEG ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.25%. Gaming and Leisure Properties's payout ratio is presently 106.29%.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley downgraded Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Barclays started coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 price objective on the stock. Scotiabank dropped their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.93.

Insider Transactions at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 1,149 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the transaction, the senior vice president now owns 91,620 shares of the company's stock, valued at $4,379,436. This trade represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,222 shares of company stock valued at $1,624,947 over the last quarter. 4.37% of the stock is currently owned by company insiders.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in 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.