Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Gaming and Leisure Properties (GLPI) Share Price
Media coverage about Gaming and Leisure Properties (NASDAQ:GLPI) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gaming and Leisure Properties earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.2386532748644 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
GLPI has been the topic of a number of analyst reports. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, October 31st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Gaming and Leisure Properties currently has a consensus rating of “Hold” and a consensus target price of $38.86.
Gaming and Leisure Properties (GLPI) opened at $36.78 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties has a 52 week low of $29.32 and a 52 week high of $39.32. The company has a market capitalization of $7,828.05, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 3.87 and a beta of 0.86.
Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. During the same period in the previous year, the firm posted $0.43 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 4.8% compared to the same quarter last year. equities research analysts predict that Gaming and Leisure Properties will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.85%. Gaming and Leisure Properties’s dividend payout ratio is presently 140.00%.
In other Gaming and Leisure Properties news, Director E Scott Urdang acquired 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the transaction, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.88% of the company’s stock.
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Gaming and Leisure Properties Company Profile
Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.
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