Somewhat Positive Press Coverage Somewhat Unlikely to Affect Gaming and Leisure Properties (GLPI) Stock Price
Headlines about Gaming and Leisure Properties (NASDAQ:GLPI) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gaming and Leisure Properties earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2030764572311 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded down $0.06 during trading hours on Friday, hitting $35.97. 265,513 shares of the company’s stock were exchanged, compared to its average volume of 909,236. Gaming and Leisure Properties has a 1 year low of $29.32 and a 1 year high of $39.32. The firm has a market cap of $7,650.00, a price-to-earnings ratio of 11.40, a PEG ratio of 3.78 and a beta of 0.58. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. analysts forecast that Gaming and Leisure Properties will post 3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s payout ratio is 140.00%.
A number of research firms have commented on GLPI. Barclays PLC lifted their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Ladenburg Thalmann Financial Services set a $41.00 price target on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.83.
In related news, Director E Scott Urdang purchased 5,000 shares of Gaming and Leisure Properties stock in a transaction on 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 acquisition, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.88% of the company’s stock.
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About Gaming and Leisure Properties
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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