Gaming and Leisure Properties Inc (NASDAQ:GLPI) Expected to Earn Q1 2021 Earnings of $0.82 Per Share

Gaming and Leisure Properties Inc (NASDAQ:GLPI) – Research analysts at Truist Securiti issued their Q1 2021 EPS estimates for Gaming and Leisure Properties in a report issued on Tuesday, September 15th. Truist Securiti analyst B. Jonas anticipates that the real estate investment trust will earn $0.82 per share for the quarter. Truist Securiti also issued estimates for Gaming and Leisure Properties’ Q2 2021 earnings at $0.82 EPS, Q3 2021 earnings at $0.83 EPS and Q4 2021 earnings at $0.82 EPS.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.28). The company had revenue of $261.97 million during the quarter, compared to analysts’ expectations of $259.53 million. Gaming and Leisure Properties had a net margin of 36.90% and a return on equity of 19.97%.

A number of other research firms have also issued reports on GLPI. BidaskClub upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Barclays reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Tuesday, August 4th. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $32.41 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on Gaming and Leisure Properties in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $40.40.

GLPI stock opened at $38.51 on Wednesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 4.81 and a quick ratio of 4.81. The business has a 50 day simple moving average of $37.42 and a 200-day simple moving average of $33.38. The firm has a market capitalization of $8.39 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.71 and a beta of 0.97. Gaming and Leisure Properties has a 1 year low of $12.78 and a 1 year high of $49.99.

Large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in Gaming and Leisure Properties by 1.3% during the first quarter. Swiss National Bank now owns 395,599 shares of the real estate investment trust’s stock worth $10,962,000 after purchasing an additional 5,200 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Gaming and Leisure Properties by 31.9% in the first quarter. Federated Hermes Inc. now owns 97,790 shares of the real estate investment trust’s stock valued at $2,709,000 after acquiring an additional 23,660 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Gaming and Leisure Properties by 1.2% in the second quarter. Moody National Bank Trust Division now owns 118,080 shares of the real estate investment trust’s stock valued at $4,085,000 after acquiring an additional 1,430 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Gaming and Leisure Properties by 12.5% in the first quarter. First Trust Advisors LP now owns 248,378 shares of the real estate investment trust’s stock valued at $6,883,000 after acquiring an additional 27,644 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Gaming and Leisure Properties by 477.2% in the second quarter. Rafferty Asset Management LLC now owns 48,604 shares of the real estate investment trust’s stock valued at $1,682,000 after acquiring an additional 40,183 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.23%. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, August 14th. Gaming and Leisure Properties’s dividend payout ratio is 69.77%.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Earnings History and Estimates for Gaming and Leisure Properties (NASDAQ:GLPI)

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