Gaming and Leisure Properties (NASDAQ:GLPI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01, Zacks reports. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties updated its FY 2025 guidance to 3.830-3.880 EPS.

Gaming and Leisure Properties Trading Down 1.6 %

Gaming and Leisure Properties stock traded down $0.80 during trading hours on Friday, reaching $48.59. The stock had a trading volume of 338,770 shares, compared to its average volume of 961,784. The company has a fifty day simple moving average of $48.16 and a 200-day simple moving average of $49.76. Gaming and Leisure Properties has a 52 week low of $41.80 and a 52 week high of $52.60. The stock has a market cap of $13.33 billion, a PE ratio of 17.02, a PEG ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a yield of 6.26%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Insider Activity

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the stock in a transaction that occurred 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 owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,222 shares of company stock valued at $1,624,947. Insiders own 4.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLPI. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective on the stock. in a report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Gaming and Leisure Properties Company Profile

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.