Gaming and Leisure Properties Inc (NASDAQ:GLPI) – SunTrust Banks issued their Q1 2019 earnings estimates for Gaming and Leisure Properties in a research note issued on Thursday. SunTrust Banks analyst P. Scholes expects that the real estate investment trust will earn $0.77 per share for the quarter. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Gaming and Leisure Properties’ Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $3.08 EPS.

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

Several other research analysts have also commented on the stock. Barclays restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $43.00 price target on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Tuesday, December 19th. UBS Group upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Gaming and Leisure Properties presently has a consensus rating of “Buy” and a consensus target price of $40.17.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) traded down $0.57 on Friday, hitting $36.01. 899,737 shares of the stock traded hands, compared to its average volume of 1,025,078. Gaming and Leisure Properties has a 52 week low of $30.22 and a 52 week high of $39.32. The firm has a market cap of $7,660.00, a price-to-earnings ratio of 20.01 and a beta of 0.57. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in Gaming and Leisure Properties by 60.2% in 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 buying an additional 13,402 shares during the last quarter. Sterling Capital Management LLC grew its stake in Gaming and Leisure Properties by 4.4% in 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 buying an additional 3,416 shares during the last quarter. Guardian Capital LP acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at $335,000. California Public Employees Retirement System grew its stake in Gaming and Leisure Properties by 9.1% in 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 buying an additional 42,383 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at $2,059,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

In other news, Director E Scott Urdang bought 5,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the purchase, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.88% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.63 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 7.00%. Gaming and Leisure Properties’s payout ratio is presently 140.00%.

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

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