$242.76 Million in Sales Expected for Gaming and Leisure Properties Inc (GLPI) This Quarter

Equities research analysts expect Gaming and Leisure Properties Inc (NASDAQ:GLPI) to report $242.76 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Gaming and Leisure Properties’ earnings. The lowest sales estimate is $242.55 million and the highest is $243.10 million. Gaming and Leisure Properties reported sales of $238.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The firm is expected to issue its next earnings results before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full-year sales of $242.76 million for the current fiscal year, with estimates ranging from $973.16 million to $974.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $996.45 million per share, with estimates ranging from $982.80 million to $1.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Gaming and Leisure Properties.

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.

A number of equities research analysts have issued reports on GLPI shares. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 31st. Barclays reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $41.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday, October 30th. 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, SunTrust Banks restated a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.17.

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 5,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought 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 in the company, valued at approximately $2,001,381.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.88% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Gaming and Leisure Properties by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 14,795 shares of the real estate investment trust’s stock valued at $557,000 after buying an additional 352 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Gaming and Leisure Properties by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 473 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Gaming and Leisure Properties by 0.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 90,674 shares of the real estate investment trust’s stock valued at $3,416,000 after buying an additional 795 shares during the last quarter. QS Investors LLC grew its stake in Gaming and Leisure Properties by 5.2% in the 2nd quarter. QS Investors LLC now owns 29,557 shares of the real estate investment trust’s stock valued at $1,113,000 after buying an additional 1,450 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Gaming and Leisure Properties by 7.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 21,394 shares of the real estate investment trust’s stock valued at $778,000 after buying an additional 1,499 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

Gaming and Leisure Properties (NASDAQ GLPI) traded down $0.34 during mid-day trading on Friday, reaching $36.42. 1,153,100 shares of the company’s stock were exchanged, compared to its average volume of 1,033,242. Gaming and Leisure Properties has a 12 month low of $30.22 and a 12 month high of $39.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The stock has a market cap of $7,740.00, a P/E ratio of 20.23 and a beta of 0.57.

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

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