GLPI FY2024 EPS Estimate Lifted by Capital One Financial

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) - Stock analysts at Capital One Financial boosted their FY2024 earnings estimates for shares of Gaming and Leisure Properties in a report released on Monday, February 3rd. Capital One Financial analyst D. Guglielmo now forecasts that the real estate investment trust will post earnings of $3.68 per share for the year, up from their previous forecast of $3.67. The consensus estimate for Gaming and Leisure Properties' current full-year earnings is $3.67 per share. Capital One Financial also issued estimates for Gaming and Leisure Properties' Q1 2025 earnings at $0.94 EPS and Q3 2025 earnings at $0.94 EPS.

GLPI has been the topic of several other reports. StockNews.com lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. 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 research note on Tuesday, November 26th. Morgan Stanley lowered 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. Finally, Barclays assumed coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.93.

Gaming and Leisure Properties Stock Up 0.3 %

Gaming and Leisure Properties stock opened at $48.56 on Wednesday. The firm has a market capitalization of $13.32 billion, a PE ratio of 16.98, a P/E/G ratio of 1.97 and a beta of 0.99. The company's 50-day moving average is $48.60 and its 200-day moving average is $49.79. Gaming and Leisure Properties has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Gaming and Leisure Properties by 13.6% in the 2nd quarter. Creative Planning now owns 12,896 shares of the real estate investment trust's stock valued at $583,000 after acquiring an additional 1,544 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Gaming and Leisure Properties by 74.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,411 shares of the real estate investment trust's stock valued at $199,000 after acquiring an additional 1,886 shares during the period. Cetera Investment Advisers increased its position in Gaming and Leisure Properties by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust's stock valued at $2,478,000 after acquiring an additional 299 shares during the period. Sanctuary Advisors LLC acquired a new position in Gaming and Leisure Properties in the 2nd quarter valued at approximately $779,000. Finally, Park Avenue Securities LLC increased its position in Gaming and Leisure Properties by 8.4% in the 3rd quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust's stock valued at $494,000 after acquiring an additional 742 shares during the period. Institutional investors own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In other news, COO Brandon John Moore sold 3,982 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares of the company's stock, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,222 shares of company stock valued at $1,624,947. Company insiders own 4.37% of the company's stock.

Gaming and Leisure Properties Dividend Announcement

The company 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Gaming and Leisure Properties Company Profile

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.

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