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

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

Gaming and Leisure Properties Trading Up 0.8 %

Shares of Gaming and Leisure Properties stock traded up $0.40 on Thursday, hitting $49.39. 1,138,346 shares of the company’s stock traded hands, compared to its average volume of 984,057. Gaming and Leisure Properties has a one year low of $41.80 and a one year 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. The company has a fifty day moving average of $48.16 and a two-hundred day moving average of $49.76. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Activity at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. The trade was 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 worth $1,624,947 in the last 90 days. Corporate insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of a number of recent research reports. Barclays initiated coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 target price on the stock. Stifel Nicolaus lifted their target price 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. Scotiabank lowered their target price 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. Morgan Stanley cut 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.