Supreme Uncertainty Hits REITs
U.S. equity markets finished broadly lower on another volatile week, pressured by "supreme uncertainty" amid a contentious U.S. election season and lingering coronavirus concerns as we enter the colder months.Declining for the fourth-straight week following a six-week winning streak, the S&P 500 dipped another 0.6% this week and is now roughly 8% below its all-time highs set last month.This "supreme uncertainty" weighed on real estate equities and other economically-sensitive sectors this week. Equity REITs finished lower by 3.1% this week with 17 of 18 property sectors in negative territory.New Home Sales topped estimates, surging 43% in August from last year to the highest annual rate since 2006, another sign that the housing industry continues to lead the economic recovery.While the housing industry rebound has shown continued resilience, there are signs that the rebound in labor markets may be losing some steam ahead of a critical week of employment data - the final jobs report before Election Day.
Seekingalpha · 1d ago
Gaming and Leisure Properties, Inc. Announces Shareholder Election Results for Third Quarter Dividend
WYOMISSING, Pa., Sept. 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced today the results of shareholder elections relating to the quarterly dividend declared by its Board of Directors on August 6, 2020. The dividend of $0.60 per share
GlobeNewswire · 4d ago
Gaming and Leisure Properties, Inc. Schedules Third Quarter 2020 Earnings Release and Conference Call
WYOMISSING, Pa., Sept. 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 third quarter financial results after the market close on Thursday, October 29, 2020. The Company will host a conference call at 9:00 a.m. ET on
GlobeNewswire · 4d ago
Tracking Ron Baron's BAMCO Portfolio - Q2 2020 Update
BAMCO’s 13F portfolio value increased from $20.41B to $27.66B this quarter.Ron Baron added ZoomInfo Tech and increased Zillow Group during the quarter.Their top five positions are at ~22% of the overall portfolio.
Seekingalpha · 6d ago
Dividend Hikes Lift REITs
On another choppy week, U.S. equity markets finished mostly lower despite a solid slate of economic data and assurances from the Federal Reserve that it would keep interest rates near-zero indefinitely.Declining for the third-straight week following a six-week winning streak, the S&P 500 dipped another 1.0% this week and is now roughly 7% below its recent all-time highs.An encouraging slate of dividend news and rent collection updates buoyed real estate equities this week, particularly the more beaten-down property sectors, including malls, hotels, student housing, and mortgage REITs.After the Equity REIT sector was slammed by a wave of 64 dividend cuts in March through June, since then, we've seen far more dividend increases than dividend cuts in the REIT sector, including five more boosts from equity REITs and three from mortgage REITs this week.Housing Heats-Up: Homebuilder Sentiment jumped to the strongest levels on record in September, driven by a surge in Home Buyer Traffic, which far exceeded previous record levels as inventory levels remain historically tight.
Seekingalpha · 09/19 13:00
Should We Be Delighted With Gaming and Leisure Properties, Inc.'s (NASDAQ:GLPI) ROE Of 20%?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Simply Wall St. · 09/17 15:06
Here's Why My REITs Beat Your REITs
Over the last several years we've seen larger equity REITs consistently outperform, but the gap becomes even larger with the recession.Tiny equity REITs trade at lower multiples FFO and AFFO, but that shouldn't be your only criteria.Tiny equity REITs have dramatically worse margins across key metrics.Tiny equity REITs have dramatically higher leverage, putting them in a much worse position whenever the economy slides into a recession.Investors are finally realizing that mortgage REITs are for trading, but they still think if they buy-and-hold crap equity REITs it will work out great.
Seekingalpha · 09/14 11:00
Kakao Games' valuation is overstretched: Analyst
Daniel Yoo of Yuanta Securities Korea talks about the debut of Kakao Games IPO in Seoul. He explains why he thinks the stock could go higher despite being overstretched. · 09/14 10:21
Is Gaming and Leisure Properties Inc (GLPI) Going to Burn These Hedge Funds?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Insider Monkey · 09/10 14:21
Gaming And Leisure Properties, Inc. : A Great REIT With Strong Tenants For A Low Price
GLPI saw a huge sell-off back in February. Despite regaining much of this, it is still trading at a significant discount relative to value.It offers some strong tenants, who look likely to ride out the current economic storm.This offers the opportunity to get a strong REIT, with a very attractive yield, for a low price.
Seekingalpha · 08/26 11:29
Penn National Gaming: Great Scale But Not As Good A Bull Case As Some Regional Peers
Penn is a solid performer in the regional space but fully valued in our view because some of its peers have a better forward upside.
Seeking Alpha - Article · 08/25 11:10
Hollywood Casino Baton Rouge to Move to New Landside Facility in Early 2022
\- $21 - $25 Million Landside Facility Project to Bring Economic Benefits to Downtown Baton Rouge as well as Construction Employment -WYOMISSING, Pa. and BATON ROUGE, La., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced
GlobeNewswire · 08/21 13:40
Gaming and Leisure Properties' facility to move to new location
Seeking Alpha - Article · 08/21 13:18
How kid favorite Chuck E. Cheese went bankrupt
There were more than a million restaurants in the U.S. at the start of 2020 and while some chains like Chuck E. Cheese have struggled to keep their business afloat, analysts say the back half of the year could see even more bankruptcies. · 08/20 21:33
The State Of REITs: August 2020 Edition
After a recent rally, the REIT sector faded back slightly in July, averaging a -1.31% total return. Large cap REITs led with a solid return of 5.13%, while micro caps badly underperformed with an average return of -9.38%. 46.11% of REIT securities had a positive total return in July. Timber and Data Center REITs led all property types in July, while Hotels and Shopping Centers suffered the largest declines. Large cap REITs have outperformed small caps by 28% over the first seven months of 2020.
Seekingalpha · 08/16 18:27
Gaming and Leisure Properties, Inc. Declares Third Quarter 2020 Dividend of $0.60 Per Share
WYOMISSING, Pa., Aug. 07, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that at its meeting yesterday, the Company’s Board of Directors declared the third quarter 2020 dividend of $0.60 per share o
GlobeNewswire · 08/07 11:00
Morgan Stanley Maintains Overweight on Gaming and Leisure Props, Raises Price Target to $38
Morgan Stanley maintains Gaming and Leisure Props (NASDAQ:GLPI) with a Overweight and raises the price target from $32.41 to $38.
Benzinga · 08/04 12:19
Deutsche Bank Maintains Buy on Gaming and Leisure Props, Raises Price Target to $40
Deutsche Bank maintains Gaming and Leisure Props (NASDAQ:GLPI) with a Buy and raises the price target from $38 to $40.
Benzinga · 08/03 14:37
Rent Paid: REITs Rally As Outlook Brightens
Seeking Alpha - Article · 08/01 13:00
Gaming and Leisure Properties' (GLPI) CEO Peter Carlino on Q2 2020 Results - Earnings Call Transcript
Seeking Alpha · 07/31 04:00
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About GLPI
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. The Company's segments include GLP Capital, L.P. (GLP Capital), a subsidiary of GLPI, 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 Company has 41 rental properties, consisting of the real property associated with 32 gaming and related facilities operated by Penn National Gaming, Inc. (Penn), the real property associated with five gaming and related facilities operated by Eldorado, the real property associated with three gaming and related facilities operated by Boyd and the real property associated with the Casino Queen in East St. Louis, Illinois.