SunTrust Banks Weighs in on Gaming and Leisure Properties Inc’s Q1 2019 Earnings (GLPI)

Gaming and Leisure Properties Inc (NASDAQ:GLPI) – Research analysts at 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 forecasts that the real estate investment trust will earn $0.77 per share for the quarter. SunTrust Banks currently 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.

GLPI has been the subject of several other research reports. Ladenburg Thalmann Financial Services set a $41.00 price objective on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. 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. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $40.17.

Gaming and Leisure Properties (GLPI) traded down $0.57 during trading hours on Friday, hitting $36.01. 911,421 shares of the stock traded hands, compared to its average volume of 864,372. The company has a market cap of $7,777.03, a price-to-earnings ratio of 20.01 and a beta of 0.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. Gaming and Leisure Properties has a 12 month low of $30.22 and a 12 month high of $39.32.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GLPI. Schwab Charles Investment Management Inc. grew its position 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 valued at $26,513,000 after purchasing an additional 73,869 shares during the period. Prudential Financial Inc. grew its position 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 valued at $644,000 after purchasing an additional 5,400 shares during the period. Neuberger Berman Group LLC grew its position 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 valued at $295,000 after purchasing an additional 1,687 shares during the period. Principal Financial Group Inc. grew its position 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 valued at $1,643,000 after purchasing an additional 9,623 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in Gaming and Leisure Properties by 48.9% during 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 last quarter. 92.04% of the stock is owned by institutional investors and hedge funds.

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.88% of the company’s stock.

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

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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.

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

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