Gaming and Leisure Properties (NASDAQ:GLPI) is set to issue its Q2 2019 quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
GLPI stock opened at $37.03 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99. The stock has a market cap of $8.06 billion, a P/E ratio of 11.64, a PEG ratio of 1.23 and a beta of 0.53. Gaming and Leisure Properties has a 12-month low of $31.19 and a 12-month high of $40.82. The company has a fifty day moving average price of $38.83.
GLPI has been the topic of several research analyst reports. Scotiabank initiated coverage on Gaming and Leisure Properties in a report on Monday, July 29th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Stifel Nicolaus upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $39.00 to $43.00 in a report on Monday, April 15th. BidaskClub upgraded Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank restated a “buy” rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a report on Sunday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Gaming and Leisure Properties presently has a consensus rating of “Buy” and an average price target of $42.80.
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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