Gaming and Leisure Properties (NASDAQ:GLPI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) announced its earnings results on Thursday. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01, Zacks reports. The business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Gaming and Leisure Properties updated its FY 2025 guidance to 3.830-3.880 EPS.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded down $0.27 during trading hours on Monday, hitting $48.85. 1,694,668 shares of the company's stock traded hands, compared to its average volume of 1,036,605. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company's fifty day simple moving average is $48.12 and its two-hundred day simple moving average is $49.77.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.22%. Gaming and Leisure Properties's dividend payout ratio (DPR) is 105.92%.

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Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the sale, the senior vice president now directly owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This represents a 24.55 % 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 the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares of the company's stock, valued at $13,329,850.56. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,222 shares of company stock valued at $1,624,947. 4.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GLPI has been the topic of several recent analyst reports. StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Mizuho cut their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a "buy" rating in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.15.

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.