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

Gaming and Leisure Properties (NASDAQ:GLPI) posted its earnings results on Thursday. The real estate investment trust reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01, Zacks reports. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. Gaming and Leisure Properties updated its FY 2025 guidance to 3.830-3.880 EPS.

Gaming and Leisure Properties Trading Up 0.8 %

GLPI traded up $0.40 during trading on Thursday, hitting $49.39. 1,138,196 shares of the stock traded hands, compared to its average volume of 984,054. The firm has a market capitalization of $13.55 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The firm has a 50-day moving average of $48.16 and a 200 day moving average of $49.76. Gaming and Leisure Properties has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.16%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 10,474 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total value of $509,245.88. Following the completion of the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at approximately $3,488,825.34. This represents a 12.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction 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. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $1,624,947 in the last quarter. Company insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GLPI. Mizuho cut their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Barclays began 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 for the company. 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 for the company. in a research note on Wednesday, January 15th. Scotiabank cut their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, JMP Securities reissued 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.93.

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.