Equities research analysts expect Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to post $242.76 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Gaming and Leisure Properties’ earnings. The highest sales estimate is $243.10 million and the lowest is $242.55 million. Gaming and Leisure Properties posted sales of $238.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is expected to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full-year sales of $242.76 million for the current financial year, with estimates ranging from $973.16 million to $974.00 million. For the next financial year, analysts anticipate that the company will post sales of $990.45 million per share, with estimates ranging from $982.80 million to $994.33 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $244.50 million for the quarter, compared to the consensus estimate of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. Gaming and Leisure Properties’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share.

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks reissued a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.83.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded down $0.23 during mid-day trading on Tuesday, hitting $35.74. 1,021,000 shares of the stock were exchanged, compared to its average volume of 983,338. Gaming and Leisure Properties has a fifty-two week low of $29.32 and a fifty-two week high of $39.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $7,647.34, a P/E ratio of 11.40, a PEG ratio of 3.78 and a beta of 0.86.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend is Thursday, November 30th. Gaming and Leisure Properties’s dividend payout ratio is presently 140.00%.

In other Gaming and Leisure Properties news, Director E Scott Urdang bought 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the purchase, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 5.88% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its holdings in Gaming and Leisure Properties by 60.2% during the 3rd quarter. GSA Capital Partners LLP now owns 35,655 shares of the real estate investment trust’s stock valued at $1,315,000 after purchasing an additional 13,402 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Gaming and Leisure Properties by 4.4% during the 3rd quarter. Sterling Capital Management LLC now owns 81,701 shares of the real estate investment trust’s stock valued at $3,014,000 after purchasing an additional 3,416 shares in the last quarter. Guardian Capital LP acquired a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $335,000. California Public Employees Retirement System grew its holdings in Gaming and Leisure Properties by 9.1% during the 3rd quarter. California Public Employees Retirement System now owns 509,918 shares of the real estate investment trust’s stock valued at $18,811,000 after purchasing an additional 42,383 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $2,059,000. 92.06% of the stock is owned by institutional investors and hedge funds.

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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.

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