Brokerages Expect Gaming and Leisure Properties Inc (GLPI) to Announce $0.84 EPS

Brokerages expect Gaming and Leisure Properties Inc (NASDAQ:GLPI) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.84. Gaming and Leisure Properties posted earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.08 to $3.18. For the next year, analysts forecast that the firm will post earnings of $3.44 per share, with EPS estimates ranging from $3.36 to $3.49. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.26). The firm had revenue of $254.14 million for the quarter, compared to analysts’ expectations of $255.55 million. Gaming and Leisure Properties had a net margin of 38.95% and a return on equity of 16.10%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS.

Several research analysts have commented on GLPI shares. BidaskClub lowered shares of Gaming and Leisure Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, September 22nd. SunTrust Banks restated a “buy” rating and issued a $39.00 price objective on shares of Gaming and Leisure Properties in a report on Tuesday, October 2nd. Credit Suisse Group started coverage on shares of Gaming and Leisure Properties in a report on Tuesday, August 14th. They issued an “outperform” rating and a $41.00 price objective for the company. Barclays upped their price objective on shares of Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 19th. Finally, Oppenheimer started coverage on shares of Gaming and Leisure Properties in a report on Tuesday, August 14th. They issued an “outperform” rating and a $41.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus target price of $39.55.

Shares of GLPI opened at $34.72 on Wednesday. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. Gaming and Leisure Properties has a twelve month low of $32.51 and a twelve month high of $37.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.68 dividend. The ex-dividend date is Thursday, December 13th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 7.83%. Gaming and Leisure Properties’s dividend payout ratio is 80.00%.

In other Gaming and Leisure Properties news, Director David A. Handler purchased 11,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average cost of $33.50 per share, for a total transaction of $368,500.00. Following the purchase, the director now directly owns 323,461 shares in the company, valued at $10,835,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Marshall III purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average price of $33.33 per share, with a total value of $33,330.00. Following the completion of the purchase, the director now owns 27,081 shares in the company, valued at $902,609.73. The disclosure for this purchase can be found here. Insiders acquired a total of 26,000 shares of company stock valued at $873,910 over the last 90 days. Company insiders own 5.88% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth about $1,465,000. Investec Asset Management LTD increased its stake in shares of Gaming and Leisure Properties by 12.7% in the 2nd quarter. Investec Asset Management LTD now owns 1,183,404 shares of the real estate investment trust’s stock worth $42,366,000 after acquiring an additional 133,617 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Gaming and Leisure Properties by 9.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,418 shares of the real estate investment trust’s stock worth $1,769,000 after acquiring an additional 4,253 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Gaming and Leisure Properties by 42.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 124,805 shares of the real estate investment trust’s stock worth $4,468,000 after acquiring an additional 37,109 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth about $641,000. Institutional investors own 87.09% of the company’s stock.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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