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NASDAQ:GLPIGaming and Leisure Properties Stock Price, Forecast & News

$34.54
+0.39 (+1.14 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$33.24
Now: $34.54
$34.94
50-Day Range
$24.82
MA: $28.22
$35.89
52-Week Range
$12.78
Now: $34.54
$49.99
Volume2.03 million shs
Average Volume2.79 million shs
Market Capitalization$7.43 billion
P/E Ratio18.87
Dividend Yield1.41%
Beta0.91
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.74 out of 5 stars


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$1.15 billion
Cash Flow$3.11 per share
Book Value$9.35 per share

Profitability

Net Income$390.88 million

Miscellaneous

Employees644
Market Cap$7.43 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Gaming and Leisure Properties (NASDAQ:GLPI) Frequently Asked Questions

How has Gaming and Leisure Properties' stock been impacted by COVID-19 (Coronavirus)?

Gaming and Leisure Properties' stock was trading at $39.56 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GLPI stock has decreased by 12.7% and is now trading at $34.54. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Gaming and Leisure Properties.

When is Gaming and Leisure Properties' next earnings date?

Gaming and Leisure Properties is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Gaming and Leisure Properties.

How were Gaming and Leisure Properties' earnings last quarter?

Gaming and Leisure Properties Inc (NASDAQ:GLPI) released its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.85 by $0.40. The real estate investment trust had revenue of $283.50 million for the quarter, compared to analyst estimates of $283.61 million. Gaming and Leisure Properties had a net margin of 34.35% and a return on equity of 18.91%. The company's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. View Gaming and Leisure Properties' earnings history.

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, April 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.60 per share on Friday, June 26th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend is Tuesday, May 12th. View Gaming and Leisure Properties' dividend history.

What price target have analysts set for GLPI?

8 equities research analysts have issued 12 month price targets for Gaming and Leisure Properties' shares. Their forecasts range from $29.00 to $51.00. On average, they anticipate Gaming and Leisure Properties' share price to reach $38.77 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View analysts' price targets for Gaming and Leisure Properties.

Has Gaming and Leisure Properties been receiving favorable news coverage?

News headlines about GLPI stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring 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 closest to five being the most favorable. Gaming and Leisure Properties earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the near term. View the latest news aboutGaming and Leisure Properties.

Are investors shorting Gaming and Leisure Properties?

Gaming and Leisure Properties saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,440,000 shares, an increase of 8.0% from the April 30th total of 2,260,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.2% of the shares of the company 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gaming and Leisure Properties investors own include Edwards Lifesciences (EW), Omega Healthcare Investors (OHI), AT&T (T), Enterprise Products Partners (EPD), Brookfield Infrastructure Partners (BIP), EPR Properties (EPR), Energy Transfer LP Unit (ET), AbbVie (ABBV), Ares Capital (ARCC) and Gilead Sciences (GILD).

Who are Gaming and Leisure Properties' key executives?

Gaming and Leisure Properties' management team includes the following 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

What is Gaming and Leisure Properties' stock symbol?

Gaming and Leisure Properties trades on the NASDAQ under the ticker symbol "GLPI."

Who are Gaming and Leisure Properties' major shareholders?

Gaming and Leisure Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.78%), Capital World Investors (6.34%), Morgan Stanley (2.65%), Morgan Stanley (2.65%), State Street Corp (2.27%) and Capital International Investors (2.10%). Company insiders that own Gaming and Leisure Properties stock include Brandon John Moore, David A Handler, Desiree A Burke, E Scott Urdang, Earl C Shanks, Joseph W Marshall III and Matthew Demchyk. 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 Capital Research Global Investors, AJO LP, Two Sigma Investments LP, Capital World Investors, Wells Fargo & Company MN, Invesco Ltd., Jennison Associates LLC, and Mackenzie Financial Corp. Company insiders that have sold Gaming and Leisure Properties company stock in the last year include Brandon John Moore, and Desiree A Burke. View insider buying and selling activity 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 Capital International Investors, Morgan Stanley, Morgan Stanley, Deutsche Bank AG, Eminence Capital LP, Nuveen Asset Management LLC, APG Asset Management N.V., and Par Capital Management Inc.. Company insiders that have bought Gaming and Leisure Properties stock in the last two years include David A Handler, E Scott Urdang, Earl C Shanks, Joseph W Marshall III, and Matthew Demchyk. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Gaming and Leisure Properties' stock price today?

One share of GLPI stock can currently be purchased for approximately $34.54.

How big of a company is Gaming and Leisure Properties?

Gaming and Leisure Properties has a market capitalization of $7.43 billion and generates $1.15 billion in revenue each year. The real estate investment trust earns $390.88 million in net income (profit) each year or $3.44 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 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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