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

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$37.35 -0.25 (-0.66 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$37.35
Today's Range$37.34 - $37.69
52-Week Range$31.19 - $38.28
Volume1.30 million shs
Average Volume1.35 million shs
Market Capitalization$8.02 billion
P/E Ratio11.75
Dividend Yield7.23%
Beta0.54
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$2.5956 per share
Book Value$10.58 per share

Profitability

Net Income$339.51 million

Miscellaneous

Employees644
Market Cap$8.02 billion
Next Earnings Date4/24/2019 (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 announced 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 annualized dividend and a yield of 7.28%. 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) released its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The real estate investment trust earned $303.30 million during the quarter, compared to analyst estimates of $306.12 million. Gaming and Leisure Properties had a return on equity of 14.42% and a net margin of 32.16%. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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 Wednesday, April 24th 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 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 analysts have issued 12 month price targets for Gaming and Leisure Properties' stock. Their predictions range from $32.00 to $48.00. On average, they anticipate Gaming and Leisure Properties' share price to reach $39.5556 in the next year. This suggests a possible upside of 5.9% 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 1 sell rating, 2 hold ratings and 5 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?

Press coverage about GLPI stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 coverage optimism score of 0.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.

Are investors shorting Gaming and Leisure Properties?

Gaming and Leisure Properties saw a increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,649,012 shares, an increase of 38.3% from the January 31st total of 3,361,769 shares. Based on an average trading volume of 1,421,564 shares, the short-interest ratio is presently 3.3 days. Currently, 2.3% 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gaming and Leisure Properties investors own include Omega Healthcare Investors (OHI), Sirius XM (SIRI), Edwards Lifesciences (EW), AT&T (T), New Residential Investment (NRZ), Ladder Capital (LADR), EPR Properties (EPR), Enterprise Products Partners (EPD), Ares Capital (ARCC) and Pinnacle Entertainment (PNK).

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, Interim CFO & Sr. VP of Corp. Devel. (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 variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.14%), PGGM Investments (2.09%), Cohen & Steers Inc. (1.77%), FMR LLC (1.67%), Harris Associates L P (1.55%) and Gates Capital Management Inc. (1.54%). Company insiders that own Gaming and Leisure Properties stock include Barry F Schwartz, David A Handler, 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 Gates Capital Management Inc., Prudential Financial Inc., Millennium Management LLC, FMR LLC, American Century Companies Inc., Caxton Associates LP, Nuveen Asset Management LLC and Northern Trust Corp. 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 PGGM Investments, Daiwa Securities Group Inc., Cohen & Steers Inc., Norges Bank, Two Sigma Advisers LP, Fortress Investment Group LLC, LSV Asset Management and Two Sigma Investments LP. 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 $37.35.

How big of a company is Gaming and Leisure Properties?

Gaming and Leisure Properties has a market capitalization of $8.02 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:  265 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  572
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 3/23/2019 by MarketBeat.com Staff

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