Gaming and Leisure Properties Inc (GLPI) Expected to Announce Earnings of $0.84 Per Share

Equities analysts expect Gaming and Leisure Properties Inc (NASDAQ:GLPI) to report earnings per share of $0.84 for the current quarter, Zacks reports. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.83. Gaming and Leisure Properties posted earnings per share of $0.76 during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Gaming and Leisure Properties will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.08 to $3.18. For the next year, analysts forecast that the firm will post earnings of $3.44 per share, with EPS estimates ranging from $3.36 to $3.49. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.26). Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business had revenue of $254.14 million for the quarter, compared to analyst estimates of $255.55 million. During the same period last year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Several equities research analysts have issued reports on GLPI shares. Deutsche Bank lifted their target price on shares of Gaming and Leisure Properties from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, October 4th. SunTrust Banks reaffirmed a “buy” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 2nd. Jefferies Financial Group lowered their target price on shares of Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, November 16th. Finally, ValuEngine raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.55.

In other news, Director Joseph W. Marshall III purchased 1,000 shares of the stock in a transaction dated Monday, November 19th. The shares were purchased at an average price of $33.33 per share, with a total value of $33,330.00. Following the transaction, the director now owns 27,081 shares in the company, valued at approximately $902,609.73. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director E Scott Urdang purchased 14,000 shares of the stock in a transaction dated Monday, November 5th. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $472,080.00. Following the transaction, the director now owns 76,971 shares in the company, valued at approximately $2,595,462.12. The disclosure for this purchase can be found here. In the last three months, insiders have bought 26,000 shares of company stock worth $873,910. Corporate insiders own 5.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in GLPI. Marshall Wace LLP lifted its position in Gaming and Leisure Properties by 356.1% in the third quarter. Marshall Wace LLP now owns 1,989,462 shares of the real estate investment trust’s stock valued at $70,129,000 after buying an additional 1,553,298 shares during the last quarter. Vanguard Group Inc. lifted its position in Gaming and Leisure Properties by 9.1% in the third quarter. Vanguard Group Inc. now owns 30,677,165 shares of the real estate investment trust’s stock valued at $1,081,370,000 after buying an additional 2,553,357 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Gaming and Leisure Properties by 3,411.0% in the third quarter. Rehmann Capital Advisory Group now owns 8,918 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 8,664 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new position in Gaming and Leisure Properties in the third quarter valued at about $1,512,000. Finally, Nordea Investment Management AB acquired a new position in Gaming and Leisure Properties in the third quarter valued at about $19,713,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GLPI opened at $34.72 on Wednesday. Gaming and Leisure Properties has a 52-week low of $32.51 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 2.31, a quick ratio of 10.00 and a current ratio of 10.00. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.68 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.72 annualized dividend and a dividend yield of 7.83%. Gaming and Leisure Properties’s payout ratio is presently 80.00%.

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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Earnings History and Estimates for Gaming and Leisure Properties (NASDAQ:GLPI)

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