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.
Wall Street Analyst Weigh In
GLPI has been the topic of a number of research reports. UBS Group dropped their price objective on Gaming and Leisure Properties to $55.00 in a research note on Thursday, June 9th. Mizuho boosted their target price on Gaming and Leisure Properties from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Gaming and Leisure Properties from $57.00 to $62.00 in a research report on Monday, August 1st. Raymond James boosted their target price on Gaming and Leisure Properties from $54.00 to $56.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 8th. Finally, StockNews.com lowered Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.89.
Gaming and Leisure Properties Stock Down 0.8 %
Shares of GLPI Stock traded down $0.41 on Tuesday, reaching $50.79. 979,492 shares of the company's stock traded hands, compared to its average volume of 1,418,779. Gaming and Leisure Properties has a 12-month low of $41.81 and a 12-month high of $52.67. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $12.98 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00. The business's 50 day moving average price is $48.02 and its two-hundred day moving average price is $46.14.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.27). Gaming and Leisure Properties had a net margin of 43.54% and a return on equity of 16.30%. The business had revenue of $326.40 million for the quarter, compared to analysts' expectations of $325.40 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The business's quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Gaming and Leisure Properties will post 3.48 earnings per share for the current year.
Insider Activity
In other Gaming and Leisure Properties news, EVP Brandon John Moore sold 3,000 shares of the business's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the transaction, the executive vice president now owns 185,993 shares in the company, valued at $9,671,636. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.60% of the stock is currently owned by corporate insiders.