Gaming and Leisure Properties (NASDAQ:GLPI) Releases FY20 Earnings Guidance
Gaming and Leisure Properties (NASDAQ:GLPI) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.49-3.52 for the period, compared to the Thomson Reuters consensus estimate of $3.14. The company issued revenue guidance of $1193.9-1196.1 million, compared to the consensus revenue estimate of $1.16 billion.Gaming and Leisure Properties also updated its FY 2020
After-Hours guidance to 3.49-3.52 EPS.
Shares of NASDAQ:GLPI traded up $0.56 during mid-day trading on Friday, hitting $50.30. 1,388,407 shares of the company traded hands, compared to its average volume of 807,816. The stock has a market cap of $10.68 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.55 and a beta of 0.57. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 2.82. Gaming and Leisure Properties has a 12-month low of $35.39 and a 12-month high of $50.99. The stock has a 50-day moving average price of $46.52 and a two-hundred day moving average price of $41.67.
GLPI has been the topic of several analyst reports. Morgan Stanley lifted their target price on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company an overweight rating in a research report on Tuesday, January 21st. BidaskClub raised Gaming and Leisure Properties from a buy rating to a strong-buy rating in a research report on Thursday, January 16th. Bank of America raised Gaming and Leisure Properties from an underperform rating to a buy rating and set a $47.00 target price on the stock in a research report on Monday, January 6th. Deutsche Bank lifted their target price on Gaming and Leisure Properties from $46.00 to $50.00 and gave the company a buy rating in a research report on Thursday, January 30th. Finally, Zacks Investment Research cut Gaming and Leisure Properties from a strong-buy rating to a hold rating in a research report on Saturday, January 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Gaming and Leisure Properties has an average rating of Buy and a consensus price target of $45.89.
About Gaming and Leisure Properties
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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