Insane stock that will blow your mind: Gaming and Leisure Properties, Inc. (NASDAQ: GLPI)

Morning Updates

On 20 Nov 2019, Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) spotted trading -1.32% off 52-week high price. On the other end, the stock has been noted 36.42% away from the low price over the last 52-weeks. The stock changed -0.56% to recent value of $42.55. The stock transacted 1116802 shares during most recent day however it has an average volume of 827.13K shares. The company has 213.23M of outstanding shares and 201.95M shares were floated in the market.

Gaming and Leisure Properties, Inc. (GLPI) recently reported results for the quarter ended September 30, 2019. On a year-over-year basis, third quarter total revenue grew 13.2%, income from operations grew 13.8%, net income reduced 13.6%, Adjusted EBITDA increased 17.2% and funds from operations (“FFO”) and adjusted funds from operations (“AFFO”) rose 12.6% and 13.6%, respectively. The year-over-year financial growth primarily reflects GLPI’s October 2018 acquisitions of real property assets operated by Boyd Gaming Corporation (“BYD”), Eldorado Resorts, Inc. (“ERI”) and Penn National Gaming, Inc. (“PENN”). The year-over-year decrease in net income was primarily attributable to the non-recurring losses on debt extinguishment of $21.0M in connection with our cash tender offer to purchase our 4.875% senior unsecured notes due 2020 during the 2019 third quarter, partially offset by the acquisitions.

Chief Executive Officer, Peter M. Carlino, commented “GLPI delivered another quarter of solid financial results reflecting our initiatives and strategies to drive cash flow growth from accretive transactions while actively managing our capital structure and cost of capital. Our diversified portfolio of regional gaming assets, managed by the industry’s leading operators, continues to generate one of the most stable cash flow streams in the triple-net REIT sector. During the third quarter, we further strengthened our balance sheet through an opportunistic refinancing that reduced our borrowing costs and extended our average debt maturities. Our talented team remains focused on identifying and pursuing portfolio enhancing accretive transactions to position GLPI to extend its long-term record of dividend growth and value creation for shareholders.”

During the 2019 third quarter, shareholders received a quarterly cash dividend of $0.68 per share, marking a 7.9% increase over the comparable period in 2018. GLPI’s current $2.72 annualized dividend represents 5.0% compound yearly growth since the Company’s formation. The yearly cash dividend represents a yield of 6.7% based on the $40.36 per share closing price of the Company’s stock on October 31, 2019.

Its earnings per share (EPS) expected to touch remained -12.00% for this year while earning per share for the next 5-years is expected to reach at 11.34%. GLPI has a gross margin of 90.30% and an operating margin of 58.10% while its profit margin remained 31.60% for the last 12 months. The price moved ahead of 3.14% from the mean of 20 days, 7.41% from mean of 50 days SMA and performed 9.55% from mean of 200 days price. Company’s performance for the week was 0.18%, 9.16% for month and YTD performance remained 31.69%.