Gaming and Leisure Properties (NASDAQ:GLPI) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09), Zacks reports. The business had revenue of $435.45 million for the quarter, compared to analyst estimates of $436.30 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS.

Gaming and Leisure Properties Stock Performance

GLPI stock traded down $0.60 on Friday, reaching $38.88. The company’s stock had a trading volume of 689,753 shares, compared to its average volume of 2,593,318. The company has a market capitalization of $11.31 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.61 and a beta of 0.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. Gaming and Leisure Properties has a 52 week low of $37.33 and a 52 week high of $49.95. The firm has a fifty day moving average of $40.00 and a two-hundred day moving average of $44.53.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.82 per share. The ex-dividend date was Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a yield of 8.4%. Gaming and Leisure Properties’s payout ratio is currently 96.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GLPI shares. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of Gaming and Leisure Properties in a research note on Friday, October 2nd. Barclays dropped their target price on shares of Gaming and Leisure Properties from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Truist Financial dropped their price objective on Gaming and Leisure Properties from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Finally, Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $43.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $47.69.

Insider Activity

In other Gaming and Leisure Properties news, Director Earl C. Shanks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the transaction, the director owned 107,259 shares in the company, valued at $4,530,620.16. This represents a 10.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.11% of the company’s stock.

Key Gaming and Leisure Properties News

Here are the key news stories impacting Gaming and Leisure Properties this week:

• Positive Sentiment: GLPI reported third-quarter FFO of $1.04 per share, ahead of the $1.02 consensus estimate and up from $0.97 a year earlier, supporting the company’s recurring cash-flow profile. Gaming and Leisure Properties Q3 FFO Surpass Estimates
• Positive Sentiment: Third-quarter revenue reached a record, rising 9.5% year over year to approximately $435.5 million. The result highlights continued growth in GLPI’s gaming real estate portfolio despite pressure on earnings per share. Gaming and Leisure Properties Reports Record Third Quarter Results
• Positive Sentiment: GLPI entered a joint venture with Prologis to redevelop the former Hollywood Casino Joliet site into an Illinois logistics project. The transaction represents GLPI’s first joint venture outside gaming real estate and could broaden its long-term growth opportunities. GLPI Enters JV With Prologis
• Neutral Sentiment: The Prologis partnership diversifies GLPI’s asset-development strategy, but the financial contribution and timing of returns from the logistics project remain uncertain.
• Negative Sentiment: GAAP EPS was $0.71, missing the $0.80 analyst consensus and falling from $0.97 a year earlier. Net income also declined, making the headline earnings performance less favorable despite the FFO improvement. Gaming and Leisure Properties Posts Record Q3 Revenue as Net Income Falls
• Negative Sentiment: Revenue was approximately $435.45 million, slightly below the $436.30 million consensus estimate. The combination of the EPS miss and year-over-year bottom-line decline is likely driving the stock’s weaker performance.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns and leases gaming and entertainment properties. The company primarily operates as a landlord, generating rental income through long-term agreements with casino operators rather than directly managing most of the gaming facilities located on its properties.

GLPI’s portfolio includes casinos, resorts, racetracks and related entertainment facilities across the United States. Its leases are generally structured as triple-net agreements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.