Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.01, Briefing.com reports. Gaming and Leisure Properties had a net margin of 38.01% and a return on equity of 16.42%. The firm had revenue of $243.40 million for the quarter, compared to the consensus estimate of $243.77 million. During the same period in the previous year, the company posted $0.39 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 17.4% on a year-over-year basis.

Gaming and Leisure Properties (GLPI) traded down 1.54% during midday trading on Thursday, hitting $37.70. The stock had a trading volume of 544,113 shares. Gaming and Leisure Properties has a 12-month low of $29.32 and a 12-month high of $38.89.

A number of equities analysts recently commented on the company. BidaskClub raised Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Ladenburg Thalmann Financial Services assumed coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They set a “buy” rating and a $41.00 price target for the company. TheStreet raised Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. Finally, Deutsche Bank AG increased their price target on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.50.

In other news, Director Barry F. Schwartz acquired 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The stock was bought at an average cost of $36.44 per share, for a total transaction of $364,400.00. Following the purchase, the director now owns 14,804 shares in the company, valued at $539,457.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.88% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Delta Lloyd NV bought a new stake in Gaming and Leisure Properties during the first quarter worth about $2,111,000. World Asset Management Inc raised its stake in Gaming and Leisure Properties by 19.3% in the first quarter. World Asset Management Inc now owns 11,564 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 1,869 shares during the period. Daiwa Securities Group Inc. raised its stake in Gaming and Leisure Properties by 36.0% in the first quarter. Daiwa Securities Group Inc. now owns 15,500 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 4,100 shares during the period. Pacer Advisors Inc. raised its stake in Gaming and Leisure Properties by 19.0% in the first quarter. Pacer Advisors Inc. now owns 27,634 shares of the real estate investment trust’s stock worth $924,000 after buying an additional 4,416 shares during the period. Finally, Geode Capital Management LLC raised its stake in Gaming and Leisure Properties by 11.7% in the first quarter. Geode Capital Management LLC now owns 1,565,453 shares of the real estate investment trust’s stock worth $52,317,000 after buying an additional 164,139 shares during the period. Institutional investors and hedge funds own 90.18% of the company’s stock.

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About Gaming and Leisure Properties

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.

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

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