Gaming and Leisure Properties Inc Forecasted to Post Q1 2019 Earnings of $0.77 Per Share (GLPI)

Gaming and Leisure Properties Inc (NASDAQ:GLPI) – SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of Gaming and Leisure Properties in a report issued on Thursday. SunTrust Banks analyst P. Scholes anticipates that the real estate investment trust will post earnings per share of $0.77 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 issued its quarterly earnings data 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. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The business had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same period last year, the company posted $0.43 EPS. The company’s revenue was up 4.8% on a year-over-year basis.

A number of other research analysts have also recently weighed in on GLPI. Ladenburg Thalmann Financial Services set a $43.00 price objective on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Gaming and Leisure Properties has a consensus rating of “Buy” and an average price target of $40.17.

Gaming and Leisure Properties (NASDAQ GLPI) opened at $36.01 on Friday. 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. The firm has a market cap of $7,655.83, a P/E ratio of 11.41 and a beta of 0.86.

A number of hedge funds have recently added to or reduced their stakes in GLPI. Schwab Charles Investment Management Inc. grew its stake in Gaming and Leisure Properties by 11.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after acquiring an additional 73,869 shares during the period. Prudential Financial Inc. grew its stake in Gaming and Leisure Properties by 46.1% in the 2nd quarter. Prudential Financial Inc. now owns 17,101 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 5,400 shares during the period. Neuberger Berman Group LLC grew its stake in Gaming and Leisure Properties by 27.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,830 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 1,687 shares during the period. Principal Financial Group Inc. grew its stake in Gaming and Leisure Properties by 28.3% in the 2nd quarter. Principal Financial Group Inc. now owns 43,609 shares of the real estate investment trust’s stock worth $1,643,000 after acquiring an additional 9,623 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in Gaming and Leisure Properties by 48.9% in the 2nd quarter. State of Tennessee Treasury Department now owns 84,436 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 27,742 shares during the period. 92.04% of the stock is owned by hedge funds and other institutional investors.

In other news, Director E Scott Urdang bought 5,000 shares of the stock in a transaction on Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the purchase, the director now owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.88% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders 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 annualized dividend and a yield of 7.00%. Gaming and Leisure Properties’s payout ratio is currently 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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