GLPI FY2024 EPS Estimate Lifted by Capital One Financial

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) – Equities researchers at Capital One Financial lifted their FY2024 earnings estimates for Gaming and Leisure Properties in a research report issued to clients and investors on Monday, February 3rd. Capital One Financial analyst D. Guglielmo now forecasts that the real estate investment trust will earn $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.

Several other research analysts have also issued reports on the stock. Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. 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 objective on the stock. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Friday, December 13th. 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Stock Up 0.3 %

Shares of NASDAQ GLPI opened at $48.56 on Wednesday. The firm has a market cap of $13.32 billion, a PE ratio of 16.98, a P/E/G ratio of 1.97 and a beta of 0.99. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $52.60. The company’s fifty day simple moving average is $48.60 and its 200 day simple moving average is $49.79. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 238 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Gaming and Leisure Properties by 5.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 262 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 278 shares in the last quarter. Finally, Marshall Financial Group LLC increased its stake in shares of Gaming and Leisure Properties by 1.4% in the 3rd quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insider Activity

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 annualized dividend 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 currently 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.