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

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$39.57 +0.19 (+0.48 %)
(As of 04/24/2019 06:47 AM ET)
Previous Close$39.38
Today's Range$39.28 - $39.80
52-Week Range$31.19 - $39.99
Volume913,400 shs
Average Volume1.37 million shs
Market Capitalization$8.49 billion
P/E Ratio12.44
Dividend Yield6.91%
Beta0.55
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$2.5965 per share
Book Value$10.58 per share

Profitability

Net Income$339.51 million

Miscellaneous

Employees644
Market Cap$8.49 billion
Next Earnings Date5/6/2019 (Confirmed)
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. Shareholders 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 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date 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) released its earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.82 by $0.02. The real estate investment trust had revenue of $303.30 million for the quarter, compared to the consensus estimate of $306.12 million. Gaming and Leisure Properties had a net margin of 32.16% and a return on equity of 14.42%. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 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 Monday, May 6th 2019. View Earnings Estimates for Gaming and Leisure Properties.

How can I listen to Gaming and Leisure Properties' earnings call?

Gaming and Leisure Properties will be holding an earnings conference call on Tuesday, May 7th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774070784.

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

Gaming and Leisure Properties issued an update on its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share guidance of $3.40-$3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.17. The company issued revenue guidance of $1154.1-$1159.8 billion, compared to the consensus revenue estimate of $1.27 billion.Gaming and Leisure Properties also updated its FY 2019 guidance to $3.40-3.45 EPS.

What price target have analysts set for GLPI?

8 brokers have issued 12 month target prices for Gaming and Leisure Properties' stock. Their forecasts range from $37.00 to $48.00. On average, they anticipate Gaming and Leisure Properties' share price to reach $40.7778 in the next twelve months. This suggests a possible upside of 3.1% 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 articles about GLPI stock have been trending neutral this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Gaming and Leisure Properties earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Are investors shorting Gaming and Leisure Properties?

Gaming and Leisure Properties saw a decline in short interest in March. As of March 15th, there was short interest totalling 3,077,442 shares, a decline of 36.5% from the February 28th total of 4,849,424 shares. Based on an average trading volume of 1,377,986 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the company's stock are short sold. 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 many different of institutional and retail investors. Top institutional shareholders include PGGM Investments (3.86%), Ferguson Wellman Capital Management Inc. (0.30%), Strs Ohio (0.12%), Decatur Capital Management Inc. (0.10%), State of Alaska Department of Revenue (0.04%) and Nisa Investment Advisors LLC (0.04%). 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 institutional investors are selling Gaming and Leisure Properties stock?

GLPI stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Presima Inc., Nisa Investment Advisors LLC, Pensionfund DSM Netherlands, Pensionfund Sabic and Aurora Investment Counsel. View Insider Buying and Selling for Gaming and Leisure Properties.

Which institutional investors are buying Gaming and Leisure Properties stock?

GLPI stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Decatur Capital Management Inc., Ferguson Wellman Capital Management Inc., Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Quantitative Systematic Strategies LLC, Pennsylvania Trust Co and Pennsylvania Trust Co. 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 $39.57.

How big of a company is Gaming and Leisure Properties?

Gaming and Leisure Properties has a market capitalization of $8.49 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:  270 (Vote Outperform)
Underperform Votes:  310 (Vote Underperform)
Total Votes:  580
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 4/24/2019 by MarketBeat.com Staff

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