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

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$39.27 +0.36 (+0.93 %)
(As of 05/21/2019 04:00 PM ET)
Previous Close$38.91
Today's Range$38.93 - $39.47
52-Week Range$31.19 - $40.69
Volume889,500 shs
Average Volume1.29 million shs
Market Capitalization$8.43 billion
P/E Ratio12.35
Dividend Yield6.99%
Beta0.56
GLPI 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

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:GLPI
Previous SymbolNASDAQ:GLPIV
CUSIPN/A
Phone610-401-2900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.06 billion
Cash Flow$2.5785 per share
Book Value$10.28 per share

Profitability

Net Income$339.51 million

Miscellaneous

Employees644
Market Cap$8.43 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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, February 20th. Stockholders of record on Friday, March 8th will be given a dividend of $0.68 per share on Friday, March 22nd. This represents a $2.72 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Thursday, March 7th. View Gaming and Leisure Properties' Dividend History.

How were Gaming and Leisure Properties' earnings last quarter?

Gaming and Leisure Properties Inc (NASDAQ:GLPI) issued its quarterly earnings data on Thursday, October, 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting analysts' consensus estimates of $0.45. The real estate investment trust earned $244.50 million during the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a return on equity of 14.58% and a net margin of 30.54%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. 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 Wednesday, August 7th 2019. 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 second quarter earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of approx $0.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.77. The company issued revenue guidance of approx $289.9 million, compared to the consensus revenue estimate of $292.79 million.

What price target have analysts set for GLPI?

8 analysts have issued 12-month price targets for Gaming and Leisure Properties' shares. Their forecasts range from $37.00 to $48.00. On average, they expect Gaming and Leisure Properties' stock price to reach $41.3333 in the next twelve months. This suggests a possible upside of 5.3% 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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 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.

Has Gaming and Leisure Properties been receiving favorable news coverage?

News stories about GLPI stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gaming and Leisure Properties earned a news impact score of -1.2 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Are investors shorting Gaming and Leisure Properties?

Gaming and Leisure Properties saw a increase in short interest in April. As of April 30th, there was short interest totalling 3,801,610 shares, an increase of 34.0% from the April 15th total of 2,837,553 shares. Based on an average trading volume of 1,245,058 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.9% of the company's shares are sold short. View Gaming and Leisure Properties' Current Options Chain.

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

What other stocks do shareholders of Gaming and Leisure Properties own?

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 73)
  • Mr. Steven T. Snyder, Sr. VP & CFO (Age 58)
  • Ms. Desiree A. Burke, Sr. VP & Chief Accounting Officer (Age 54)
  • Mr. Brandon John Moore, Sr. VP, Gen. Counsel & Sec. (Age 44)
  • Mr. Matthew Demchyk CFA, Sr. VP of Investments

Who are Gaming and Leisure Properties' major shareholders?

Gaming and Leisure Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.09%), Renaissance Technologies LLC (4.47%), PGGM Investments (3.86%), Morgan Stanley (1.94%), Dimensional Fund Advisors LP (1.45%) and LSV Asset Management (1.43%). Company insiders that own Gaming and Leisure Properties stock include Barry F Schwartz, David A Handler, Desiree A Burke, E Scott Urdang, Joseph W Marshall III, Matthew Demchyk, Peter M Carlino and William J Clifford. View Institutional Ownership Trends for Gaming and Leisure Properties.

Which major investors are selling Gaming and Leisure Properties stock?

GLPI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Marshall Wace North America L.P., Amundi Pioneer Asset Management Inc., Systematic Financial Management LP, Hsbc Holdings PLC, Nordea Investment Management AB, Schonfeld Strategic Advisors LLC and Morgan Stanley. View Insider Buying and Selling for Gaming and Leisure Properties.

Which major investors are buying Gaming and Leisure Properties stock?

GLPI stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, LSV Asset Management, Decatur Capital Management Inc., Parametric Portfolio Associates LLC, New York State Common Retirement Fund, Barings LLC, Renaissance Technologies LLC and Ferguson Wellman Capital Management Inc.. Company insiders that have bought Gaming and Leisure Properties stock in the last two years include Barry F Schwartz, David A Handler, E Scott Urdang, Joseph W Marshall III, Matthew Demchyk, 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 $39.27.

How big of a company is Gaming and Leisure Properties?

Gaming and Leisure Properties has a market capitalization of $8.43 billion and generates $1.06 billion in revenue each year. The real estate investment trust earns $339.51 million in net income (profit) each year or $3.18 on an earnings per share basis. Gaming and Leisure Properties employs 644 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:  273 (Thanks for Voting!)
Underperform Votes:  313 (Thanks for Voting!)
Total Votes:  586
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 5/21/2019 by MarketBeat.com Staff

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