Q4 EPS Estimates for GLPI Reduced by Capital One Financial

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) – Capital One Financial decreased their Q4 2024 earnings estimates for shares of Gaming and Leisure Properties in a research report issued to clients and investors on Monday, February 3rd. Capital One Financial analyst D. Guglielmo now expects that the real estate investment trust will earn $0.93 per share for the quarter, down from their prior forecast of $0.94. The consensus estimate for Gaming and Leisure Properties’ current full-year earnings is $3.67 per share. Capital One Financial also issued estimates for Gaming and Leisure Properties’ FY2025 earnings at $3.77 EPS.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Stifel Nicolaus lifted their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Finally, Scotiabank dropped their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $49.08 on Thursday. The firm has a market cap of $13.47 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. Gaming and Leisure Properties has a 1 year low of $41.80 and a 1 year high of $52.60. The firm’s 50-day simple moving average is $48.54 and its 200-day simple moving average is $49.79. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Creative Planning grew its stake in shares of Gaming and Leisure Properties by 13.6% in the 2nd quarter. Creative Planning now owns 12,896 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 1,544 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Gaming and Leisure Properties by 74.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,411 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 1,886 shares during the last quarter. Cetera Investment Advisers grew its position in Gaming and Leisure Properties by 0.5% in the second quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock worth $2,478,000 after buying an additional 299 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at $779,000. Finally, Park Avenue Securities LLC lifted its position in shares of Gaming and Leisure Properties by 8.4% during the 3rd quarter. Park Avenue Securities LLC now owns 9,610 shares of the real estate investment trust’s stock valued at $494,000 after acquiring an additional 742 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Gaming and Leisure Properties news, SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at approximately $2,674,516. This trade represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 3,982 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now directly owns 278,634 shares in the company, valued at $13,329,850.56. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,222 shares of company stock valued at $1,624,947. Company insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.76 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. Gaming and Leisure Properties’s payout ratio is 106.29%.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.