Contrasting Gaming and Leisure Properties (GLPI) & The Competition
Gaming and Leisure Properties (NASDAQ: GLPI) is one of 28 public companies in the “Hospitality REITs” industry, but how does it contrast to its competitors? We will compare Gaming and Leisure Properties to related businesses based on the strength of its analyst recommendations, earnings, valuation, dividends, risk, profitability and institutional ownership.
This table compares Gaming and Leisure Properties and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Gaming and Leisure Properties||38.99%||17.14%||5.71%|
|Gaming and Leisure Properties Competitors||8.96%||3.11%||2.48%|
Earnings and Valuation
This table compares Gaming and Leisure Properties and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Gaming and Leisure Properties||N/A||N/A||20.75|
|Gaming and Leisure Properties Competitors||$1.10 billion||$338.64 million||-15.46|
Gaming and Leisure Properties’ competitors have higher revenue and earnings than Gaming and Leisure Properties. Gaming and Leisure Properties is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Gaming and Leisure Properties pays an annual dividend of $2.52 per share and has a dividend yield of 6.8%. Gaming and Leisure Properties pays out 141.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Hospitality REITs” companies pay a dividend yield of 5.5% and pay out 135.4% of their earnings in the form of a dividend.
This is a breakdown of recent ratings and target prices for Gaming and Leisure Properties and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Gaming and Leisure Properties||1||3||3||0||2.29|
|Gaming and Leisure Properties Competitors||234||932||901||20||2.34|
Gaming and Leisure Properties currently has a consensus price target of $38.80, indicating a potential upside of 5.04%. As a group, “Hospitality REITs” companies have a potential upside of 6.17%. Given Gaming and Leisure Properties’ competitors stronger consensus rating and higher probable upside, analysts clearly believe Gaming and Leisure Properties has less favorable growth aspects than its competitors.
Risk & Volatility
Gaming and Leisure Properties has a beta of 0.89, meaning that its share price is 11% less volatile than the S&P 500. Comparatively, Gaming and Leisure Properties’ competitors have a beta of 1.00, meaning that their average share price is 0% more volatile than the S&P 500.
Institutional & Insider Ownership
89.3% of Gaming and Leisure Properties shares are owned by institutional investors. Comparatively, 77.4% of shares of all “Hospitality REITs” companies are owned by institutional investors. 5.9% of Gaming and Leisure Properties shares are owned by insiders. Comparatively, 5.4% of shares of all “Hospitality REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
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. (GLP Capital), through which the Company owns all of its real estate assets, and the TRS Properties, which consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The GLP Capital segment consists of the leased real property. As of December 31, 2016, the Company had 34 rental properties, consisting of the real property associated with 18 gaming and related facilities operated by Penn National Gaming, Inc. (Penn), the real property associated with 15 gaming and related facilities operated by Pinnacle Entertainment, Inc. (Pinnacle), and the real property associated with the Casino Queen in East St. Louis, Illinois.
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