NASDAQ:GLPI - Gaming and Leisure Properties Stock Price, News, & Analysis

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$34.56 -0.03 (-0.09 %)
(As of 09/24/2018 06:00 AM ET)
Previous Close$34.56
Today's Range$34.49 - $35.08
52-Week Range$32.51 - $37.32
Volume1.18 million shs
Average Volume1.09 million shs
Market Capitalization$7.39 billion
P/E Ratio11.04
Dividend Yield7.29%
Beta0.78
Gaming and Leisure Properties logoGLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators. GLPI also intends to diversify its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties. GLPI elected to be taxed as a REIT for United States federal income tax purposes commencing with the 2014 taxable year and is the first gaming-focused REIT in North America.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:GLPI
CUSIPN/A
Phone610-401-2900

Debt

Debt-to-Equity Ratio1.89
Current Ratio2.60
Quick Ratio2.60

Price-To-Earnings

Trailing P/E Ratio11.04
Forward P/E Ratio11.26
P/E Growth1.05

Sales & Book Value

Annual Sales$971.31 million
Price / Sales7.61
Cash Flow$2.4338 per share
Price / Cash14.20
Book Value$11.56 per share
Price / Book2.99

Profitability

EPS (Most Recent Fiscal Year)$3.15
Net Income$380.59 million
Net Margins38.54%
Return on Equity15.56%
Return on Assets5.21%

Miscellaneous

Employees714
Outstanding Shares213,770,000
Market Cap$7.39 billion

Gaming and Leisure Properties (NASDAQ:GLPI) Frequently Asked Questions

What is Gaming and Leisure Properties' stock symbol?

Gaming and Leisure Properties trades on the NASDAQ under the ticker symbol "GLPI."

How often does Gaming and Leisure Properties pay dividends? What is the dividend yield for Gaming and Leisure Properties?

Gaming and Leisure Properties declared a quarterly dividend on Wednesday, August 1st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.63 per share on Friday, September 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, September 6th. View Gaming and Leisure Properties' Dividend History.

How were Gaming and Leisure Properties' earnings last quarter?

Gaming and Leisure Properties Inc (NASDAQ:GLPI) announced its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.77 by $0.34. The real estate investment trust had revenue of $254.22 million for the quarter, compared to the consensus estimate of $254.40 million. Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. View Gaming and Leisure Properties' Earnings History.

When is Gaming and Leisure Properties' next earnings date?

Gaming and Leisure Properties is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Gaming and Leisure Properties.

What guidance has Gaming and Leisure Properties issued on next quarter's earnings?

Gaming and Leisure Properties issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided EPS guidance of $1.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.48. The company issued revenue guidance of $1018.9, compared to the consensus revenue estimate of $1.02 billion.Gaming and Leisure Properties also updated its Q3 guidance to $0.49 EPS.

What price target have analysts set for GLPI?

9 analysts have issued twelve-month price objectives for Gaming and Leisure Properties' shares. Their forecasts range from $32.00 to $45.00. On average, they expect Gaming and Leisure Properties' share price to reach $39.1429 in the next year. This suggests a possible upside of 13.3% from the stock's current price. View Analyst Price Targets for Gaming and Leisure Properties.

What is the consensus analysts' recommendation for Gaming and Leisure Properties?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Gaming and Leisure Properties.

What are Wall Street analysts saying about Gaming and Leisure Properties stock?

Here are some recent quotes from research analysts about Gaming and Leisure Properties stock:
  • 1. According to Zacks Investment Research, "Gaming and Leisure Properties, Inc. is a self-administered, self-managed REIT primarily engaged in the property business, which will consist of owning, acquiring, developing, expanding, managing, and leasing gaming and related facilities. Gaming and Leisure Properties, Inc. is based in United States. " (6/27/2018)
  • 2. LADENBURG THALM/SH SH analysts commented, "We see a potential combination of Penn Gaming (PENN-$25.50, Not Rated) Pinnacle (PNK-$25.50; Not Rated) as a strong positive for GLPI on multiple fronts; reiterate BUY—While 3Q’17 was subdued with no acquisitions and limited financing activity, GLPI’s two largest tenants (accounting for 98% of rent), Penn National and Pinnacle, were recently reported (by multiple news sources) to be considering a merger." (10/30/2017)

Are investors shorting Gaming and Leisure Properties?

Gaming and Leisure Properties saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,550,744 shares, an increase of 35.6% from the August 15th total of 3,355,390 shares. Based on an average trading volume of 799,534 shares, the days-to-cover ratio is currently 5.7 days. Currently, 2.3% of the shares of the stock are sold short. View Gaming and Leisure Properties' Current Options Chain.

Who are some of Gaming and Leisure Properties' key competitors?

Who are Gaming and Leisure Properties' key executives?

Gaming and Leisure Properties' management team includes the folowing people:
  • Mr. Peter M. Carlino, Chairman, Pres & CEO (Age 72)
  • Mr. Steven T. Snyder, Interim CFO & Sr. VP of Corp. Devel. (Age 57)
  • Ms. Desiree A. Burke, Sr. VP & Chief Accounting Officer (Age 53)
  • Mr. Brandon John Moore, Sr. VP, Gen. Counsel & Sec. (Age 43)
  • Mr. William J. Clifford, Sr. Adviser (Age 61)

Who are Gaming and Leisure Properties' major shareholders?

Gaming and Leisure Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.87%), Renaissance Technologies LLC (4.24%), FMR LLC (2.51%), Putnam Investments LLC (2.21%), Millennium Management LLC (1.44%) and Dimensional Fund Advisors LP (1.40%). Company insiders that own Gaming and Leisure Properties stock include Barry F Schwartz, E Scott Urdang, Peter M Carlino, Steven T Snyder and William J Clifford. View Institutional Ownership Trends for Gaming and Leisure Properties.

Which institutional investors are selling Gaming and Leisure Properties stock?

GLPI stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Cbre Clarion Securities LLC, Daiwa Securities Group Inc., Russell Investments Group Ltd., Janus Henderson Group PLC, Systematic Financial Management LP, Putnam Investments LLC and Bank of America Corp DE. View Insider Buying and Selling for Gaming and Leisure Properties.

Which institutional investors are buying Gaming and Leisure Properties stock?

GLPI stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, American Century Companies Inc., Millennium Management LLC, Marshall Wace LLP, BlackRock Inc., LSV Asset Management and Martingale Asset Management L P. Company insiders that have bought Gaming and Leisure Properties stock in the last two years include Barry F Schwartz, E Scott Urdang, Peter M Carlino and William J Clifford. View Insider Buying and Selling for Gaming and Leisure Properties.

How do I buy shares of Gaming and Leisure Properties?

Shares of GLPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Gaming and Leisure Properties' stock price today?

One share of GLPI stock can currently be purchased for approximately $34.56.

How big of a company is Gaming and Leisure Properties?

Gaming and Leisure Properties has a market capitalization of $7.39 billion and generates $971.31 million in revenue each year. The real estate investment trust earns $380.59 million in net income (profit) each year or $3.15 on an earnings per share basis. Gaming and Leisure Properties employs 714 workers across the globe.

What is Gaming and Leisure Properties' official website?

The official website for Gaming and Leisure Properties is http://www.glpropinc.com.

How can I contact Gaming and Leisure Properties?

Gaming and Leisure Properties' mailing address is 845 Berkshire Blvd. Suite200, Wyomissing PA, 19610. The real estate investment trust can be reached via phone at 610-401-2900 or via email at [email protected]


MarketBeat Community Rating for Gaming and Leisure Properties (NASDAQ GLPI)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  270 (Vote Underperform)
Total Votes:  505
MarketBeat's community ratings are surveys of what our community members think about Gaming and Leisure Properties and other stocks. Vote "Outperform" if you believe GLPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/24/2018 by MarketBeat.com Staff

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