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About Gaming and Leisure Properties (NASDAQ:GLPI)
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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:GLPI
CUSIPN/A
Phone610-401-2900
Debt
Debt-to-Equity Ratio1.82
Current Ratio0.69
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio11.10
Forward P/E Ratio11.39
P/E GrowthN/A
Sales & Book Value
Annual Sales$971.31 million
Price / Sales7.69
Cash Flow$2.4342 per share
Price / Cash14.37
Book Value$11.32 per share
Price / Book3.09
Profitability
EPS (Most Recent Fiscal Year)$3.15
Net Income$380.59 million
Net Margins39.42%
Return on Equity15.51%
Return on Assets5.26%
Miscellaneous
Employees714
Outstanding Shares213,500,000
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 announced a quarterly dividend on Tuesday, April 24th. Investors of record on Friday, June 15th will be paid a dividend of $0.63 per share on Friday, June 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Thursday, June 14th. View Gaming and Leisure Properties' Dividend History.
How were Gaming and Leisure Properties' earnings last quarter?
Gaming and Leisure Properties (NASDAQ:GLPI) released its quarterly earnings results on Wednesday, April, 25th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by $0.31. The real estate investment trust earned $244.05 million during the quarter, compared to analysts' expectations of $249.20 million. Gaming and Leisure Properties had a net margin of 39.42% and a return on equity of 15.51%. Gaming and Leisure Properties's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. View Gaming and Leisure Properties' Earnings History.
When is Gaming and Leisure Properties' next earnings date?
What price target have analysts set for GLPI?
8 analysts have issued 1-year price objectives for Gaming and Leisure Properties' shares. Their forecasts range from $32.00 to $44.00. On average, they expect Gaming and Leisure Properties' stock price to reach $38.3333 in the next year. 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. " (5/2/2018)
- 2. Ladenburg Thalmann 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)
Who are some of Gaming and Leisure Properties' key competitors?
Some companies that are related to Gaming and Leisure Properties include Weyerhaeuser (WY), Equity Residential (EQR), AvalonBay Communities (AVB), UNIBAIL-RODAMCO/ADR (UNRDY), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO) and Gecina (GECFF).
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)
Has Gaming and Leisure Properties been receiving favorable news coverage?
Media coverage about GLPI stock has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gaming and Leisure Properties earned a coverage optimism score of 0.18 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 45.33 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Gaming and Leisure Properties' major shareholders?
Gaming and Leisure Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.70%), Dimensional Fund Advisors LP (1.38%), Millennium Management LLC (1.17%), Northern Trust Corp (1.02%), HG Vora Capital Management LLC (0.98%) and Robeco Institutional Asset Management B.V. (0.80%). Company insiders that own Gaming and Leisure Properties stock include Barry F Schwartz, Brandon John Moore, Desiree A Burke, 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 Daiwa Securities Group Inc., Millennium Management LLC, Nuveen Asset Management LLC, Uniplan Investment Counsel Inc., JPMorgan Chase & Co., Virginia Retirement Systems ET AL, Systematic Financial Management LP and Echo Street Capital Management LLC. View Insider Buying and Selling for Gaming and Leisure Properties.
Which institutional investors are buying Gaming and Leisure Properties stock?
GLPI stock was purchased by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Old Mutual Global Investors UK Ltd., Amundi Pioneer Asset Management Inc., Mackay Shields LLC, Prudential Financial Inc., Northern Trust Corp, First Foundation Advisors and Allianz Asset Management GmbH. 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 $34.98.
How big of a company is Gaming and Leisure Properties?
Gaming and Leisure Properties has a market capitalization of $7.47 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.
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 (GLPI)
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.
Gaming and Leisure Properties (NASDAQ:GLPI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Gaming and Leisure Properties in the last 12 months. Their average twelve-month price target is $38.3333, suggesting that the stock has a possible upside of 9.59%. The high price target for GLPI is $44.00 and the low price target for GLPI is $32.00. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.38 | 2.44 | 2.44 | 2.29 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $38.3333 | $38.1429 | $37.8571 | $39.80 |
| Price Target Upside: | 9.59% upside | 10.05% upside | 12.80% upside | 10.04% upside |
Gaming and Leisure Properties (NASDAQ:GLPI) Consensus Price Target History
Gaming and Leisure Properties (NASDAQ:GLPI) Analyst Ratings History
Show:
(Data available from 5/28/2016 forward)
Gaming and Leisure Properties (NASDAQ:GLPI) Dividend Information
Gaming and Leisure Properties pays an annual dividend of $2.52 per share, with a dividend yield of 7.20%. GLPI's next quarterly dividend payment will be made on Friday, June 29. Gaming and Leisure Properties pays out 80.00% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $2.52 |
| Dividend Yield: | 7.20% |
| Payout Ratio(s): | 80.00% (Trailing 12 Months of Earnings)
82.08% (Based on This Year's Estimates)
80.25% (Based on Next Year's Estimates)
103.52% (Based on Cash Flow)
|
Gaming and Leisure Properties (NASDAQ:GLPI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/24/2018 | Quarterly | $0.63 | 7.46% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 2/20/2018 | quarterly | $0.63 | 7.49% | 3/8/2018 | 3/9/2018 | 3/23/2018 |
| 10/27/2017 | quarterly | $0.63 | 6.97% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 7/28/2017 | quarterly | $0.63 | 6.7% | 9/7/2017 | 9/8/2017 | 9/22/2017 |
| 4/27/2017 | quarterly | $0.62 | 7.13% | 6/14/2017 | 6/16/2017 | 6/30/2017 |
| 2/2/2017 | quarterly | $0.62 | 7.79% | 3/9/2017 | 3/13/2017 | 3/24/2017 |
| 11/8/2016 | Quarterly | $0.60 | | 12/1/2016 | 12/5/2016 | 12/16/2016 |
| 8/22/2016 | Quarterly | $0.60 | | 9/8/2016 | 9/12/2016 | 9/23/2016 |
| 5/4/2016 | Quarterly | $0.56 | | 5/31/2016 | 6/2/2016 | 6/17/2016 |
| 2/9/2016 | Quarterly | $0.56 | | 2/18/2016 | 2/22/2016 | 3/25/2016 |
| 11/3/2015 | Quarterly | $0.5450 | | 11/27/2015 | 12/1/2015 | 12/18/2015 |
| 7/30/2015 | | $0.5450 | | 9/10/2015 | 9/14/2015 | 9/25/2015 |
| 5/4/2015 | quarterly | $0.5450 | 5.94% | 6/9/2015 | 6/11/2015 | 6/26/2015 |
| 2/5/2015 | quarterly | $0.5450 | 6.49% | 3/6/2015 | 3/10/2015 | 3/27/2015 |
| 11/19/2014 | quarterly | $0.52 | 6.45% | 11/28/2014 | 12/2/2014 | 12/19/2014 |
| 9/3/2014 | quarterly | $0.52 | 6.24% | 9/11/2014 | 9/15/2014 | 9/26/2014 |
| 5/30/2014 | quarterly | $0.52 | 6.19% | 6/10/2014 | 6/12/2014 | 6/27/2014 |
| 2/19/2014 | quarterly | $0.52 | 5.38% | 3/5/2014 | 3/7/2014 | 3/28/2014 |
| 1/3/2014 | special | $11.85 | | 1/9/2014 | 1/13/2014 | 2/18/2014 |
(Data available from 1/1/2013 forward)
Gaming and Leisure Properties (NASDAQ GLPI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.88%
Institutional Ownership Percentage: 88.44%
Gaming and Leisure Properties (NASDAQ GLPI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/12/2018 | Peter M Carlino | CEO | Buy | 40,000 | $33.33 | $1,333,200.00 | 4,388,089 |  |
| 2/12/2018 | William J Clifford | CFO | Buy | 54,606 | $33.00 | $1,801,998.00 | 320,674 | |
| 10/30/2017 | E Scott Urdang | Director | Buy | 5,000 | $36.23 | $181,150.00 | 55,241 | |
| 6/16/2017 | Barry F Schwartz | Director | Buy | 10,000 | $36.44 | $364,400.00 | 14,804 | |
| 2/28/2017 | Steven T Snyder | SVP | Sell | 217,839 | $32.12 | $6,996,988.68 | 323,543 | |
| 11/18/2016 | Steven T Snyder | SVP | Sell | 181,843 | $30.20 | $5,491,658.60 | 349,225 | |
| 11/11/2016 | E Scott Urdang | Director | Buy | 16,000 | $30.20 | $483,200.00 | 44,525 | |
| 9/7/2016 | William J Clifford | CFO | Sell | 157,241 | $34.78 | $5,468,841.98 | 293,069 | |
| 8/12/2016 | Desiree A Burke | SVP | Sell | 132,156 | $35.40 | $4,678,322.40 | 48,149 | |
| 8/3/2016 | William J Clifford | CFO | Sell | 100,000 | $35.33 | $3,533,000.00 | 176,820 | |
| 7/20/2016 | Desiree A Burke | SVP | Sell | 16,519 | $35.10 | $579,816.90 | 48,149 | |
| 7/15/2016 | Peter M Carlino | CEO | Sell | 269,130 | $35.01 | $9,422,241.30 | 4,206,699 | |
| 7/12/2016 | Peter M Carlino | CEO | Sell | 126,762 | $34.99 | $4,435,402.38 | 4,078,922 | |
| 7/11/2016 | Peter M Carlino | CEO | Sell | 89,331 | $34.91 | $3,118,545.21 | 4,078,922 | |
| 7/8/2016 | Peter M Carlino | CEO | Sell | 235,821 | $34.90 | $8,230,152.90 | 4,024,440 | |
| 7/6/2016 | Peter M Carlino | CEO | Sell | 283,254 | $35.03 | $9,922,387.62 | 3,942,195 | |
| 7/6/2016 | William J Clifford | CFO | Sell | 100,000 | $35.00 | $3,500,000.00 | 196,964 | |
| 7/5/2016 | Brandon John Moore | SVP | Sell | 13,216 | $35.00 | $462,560.00 | 43,514 | |
| 7/1/2016 | Peter M Carlino | CEO | Sell | 339,830 | $34.48 | $11,717,338.40 | 3,927,984 | |
| 6/29/2016 | Peter M Carlino | CEO | Sell | 207,210 | $34.03 | $7,051,356.30 | 3,706,041 | |
| 6/27/2016 | Peter M Carlino | CEO | Sell | 314,461 | $34.33 | $10,795,446.13 | 3,851,383 | |
| 6/21/2016 | Brandon John Moore | SVP | Sell | 13,216 | $34.65 | $457,934.40 | 33,602 | |
| 6/1/2016 | William J Clifford | CFO | Sell | 100,000 | $33.18 | $3,318,000.00 | 175,052 | |
| 5/17/2016 | E Scott Urdang | Director | Buy | 400 | $33.59 | $13,436.00 | | |
| 5/4/2016 | William J Clifford | CFO | Sell | 100,000 | $32.82 | $3,282,000.00 | 235,828 | |
| 4/13/2016 | Desiree A Burke | CAO | Sell | 4,389 | $33.00 | $144,837.00 | 33,551 | |
| 4/6/2016 | William J Clifford | CFO | Sell | 100,000 | $31.49 | $3,149,000.00 | 173,285 | |
| 3/4/2016 | William J Clifford | CFO | Sell | 200,000 | $28.09 | $5,618,000.00 | 139,002 | |
| 2/25/2016 | E Scott Urdang | Director | Buy | 5,000 | $25.22 | $126,100.00 | 28,525 | |
| 2/23/2016 | David A Handler | Director | Buy | 39,000 | $25.35 | $988,650.00 | 302,015 | |
| 1/12/2016 | Peter M. Carlino | CEO | Sell | 412,135 | $26.55 | $10,942,184.25 | 3,525,088 | |
| 1/6/2016 | Steven T. Snyder | SVP | Sell | 12,340 | $27.80 | $343,052.00 | 265,302 | |
| 1/5/2016 | William J. Clifford | CFO | Sell | 100,000 | $27.85 | $2,785,000.00 | 135,828 | |
| 1/4/2016 | William J. Clifford | CFO | Sell | 32,155 | $27.30 | $877,831.50 | 135,828 | |
| 12/31/2015 | Peter M. Carlino | CEO | Sell | 84,715 | $27.98 | $2,370,325.70 | 3,407,679 | |
| 12/29/2015 | Steven T. Snyder | SVP | Sell | 32,435 | $28.00 | $908,180.00 | 236,472 | |
| 12/2/2015 | William J. Clifford | CFO | Sell | 100,000 | $27.49 | $2,749,000.00 | 108,328 | |
| 10/28/2015 | Peter M. Carlino | CEO | Sell | 41,351 | $30.06 | $1,243,011.06 | 3,371,594 | |
| 10/20/2015 | Peter M. Carlino | CEO | Sell | 41,286 | $30.21 | $1,247,250.06 | 3,352,546 | |
| 10/13/2015 | Peter M. Carlino | CEO | Sell | 41,113 | $30.60 | $1,258,057.80 | 3,333,433 | |
| 10/7/2015 | William J. Clifford | CFO | Sell | 100,000 | $30.19 | $3,019,000.00 | 108,328 | |
| 10/2/2015 | Peter M. Carlino | CEO | Sell | 41,375 | $30.03 | $1,242,491.25 | 3,295,072 | |
| 8/25/2015 | David A Handler | Director | Buy | 10,000 | $31.40 | $314,000.00 | 257,619 | |
| 2/4/2015 | Desiree A Burke | CAO | Sell | 18,171 | $34.00 | $617,814.00 | | |
| 1/27/2015 | Desiree A Burke | CAO | Sell | 18,172 | $33.00 | $599,676.00 | | |
| 12/16/2014 | William J Clifford | CFO | Sell | 96,465 | $28.13 | $2,713,560.45 | | |
| 12/4/2014 | William J Clifford | CFO | Sell | 100,000 | $30.79 | $3,079,000.00 | | |
| 11/12/2014 | William J Clifford | CFO | Sell | 100,000 | $31.77 | $3,177,000.00 | | |
| 10/31/2014 | E Scott Urdang | Director | Buy | 2,500 | $31.36 | $78,400.00 | | |
| 3/11/2014 | William Clifford | CFO | Sell | 100,000 | $37.42 | $3,742,000.00 | 187,204 | |
(Data available from 1/1/2013 forward)
Gaming and Leisure Properties (NASDAQ GLPI) News Headlines
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Gaming and Leisure Properties (NASDAQ:GLPI) SEC Filings
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Gaming and Leisure Properties (NASDAQ:GLPI) Income Statement, Balance Sheet and Cash Flow Statement
Gaming and Leisure Properties (NASDAQ GLPI) Stock Chart for Monday, May, 28, 2018
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