Gaming and Leisure Properties (NASDAQ:GLPI) Earning Somewhat Favorable Press Coverage, Study Finds
News headlines about Gaming and Leisure Properties (NASDAQ:GLPI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gaming and Leisure Properties earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.6305633361241 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Gaming and Leisure Properties (NASDAQ GLPI) traded up $0.40 during mid-day trading on Wednesday, hitting $34.00. 799,075 shares of the stock traded hands, compared to its average volume of 1,334,850. Gaming and Leisure Properties has a one year low of $30.39 and a one year high of $39.32. The firm has a market cap of $7,230.00, a price-to-earnings ratio of 18.99 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.81.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.31%. The firm had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. During the same period last year, the firm earned $0.45 EPS. Gaming and Leisure Properties’s quarterly revenue was up .8% on a year-over-year basis. sell-side analysts predict that Gaming and Leisure Properties will post 3.05 earnings per share for the current year.
A number of analysts have commented on the stock. Ladenburg Thalmann Financial Services set a $43.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Tuesday, December 19th. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Jefferies Group assumed coverage on shares of Gaming and Leisure Properties in a report on Thursday, January 18th. They set a “hold” rating for the company. Barclays reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, December 24th. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Gaming and Leisure Properties has an average rating of “Hold” and a consensus price target of $38.13.
In related news, CEO Peter M. Carlino bought 40,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $33.33 per share, with a total value of $1,333,200.00. Following the purchase, the chief executive officer now owns 4,388,089 shares in the company, valued at $146,255,006.37. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William J. Clifford bought 54,606 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $33.00 per share, with a total value of $1,801,998.00. Following the completion of the purchase, the chief financial officer now owns 320,674 shares in the company, valued at approximately $10,582,242. The disclosure for this purchase can be found here. 5.88% of the stock is owned by insiders.
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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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