Gaming and Leisure Properties Inc (GLPI) Expected to Post Earnings of $0.78 Per Share
Analysts expect that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will announce earnings per share (EPS) of $0.78 for the current quarter, Zacks reports. Four analysts have provided estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties reported earnings per share of $0.79 in the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The company is expected to announce its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Gaming and Leisure Properties will report full-year earnings of $3.16 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $3.20 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Gaming and Leisure Properties.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $244.50 million during the quarter, compared to the consensus estimate of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS.
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 purchased at an average price of $36.23 per share, for a total transaction of $181,150.00. Following the purchase, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.88% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP lifted its stake in Gaming and Leisure Properties by 60.2% in the third 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 during the last quarter. Sterling Capital Management LLC lifted its stake in Gaming and Leisure Properties by 4.4% in the third 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 during the last quarter. Guardian Capital LP purchased a new position in Gaming and Leisure Properties in the third quarter valued at approximately $335,000. California Public Employees Retirement System lifted its stake in Gaming and Leisure Properties by 9.1% in the third 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 during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Gaming and Leisure Properties in the third quarter valued at approximately $2,059,000. Institutional investors and hedge funds own 92.04% of the company’s stock.
Gaming and Leisure Properties (NASDAQ GLPI) opened at $36.29 on Wednesday. The stock has a market capitalization of $7,655.85, a PE ratio of 20.16 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. Gaming and Leisure Properties has a 12 month low of $30.22 and a 12 month high of $39.32.
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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.
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