$251.33 Million in Sales Expected for Gaming and Leisure Properties Inc (GLPI) This Quarter

Analysts expect that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will report sales of $251.33 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings. The highest sales estimate is $276.00 million and the lowest is $244.86 million. Gaming and Leisure Properties posted sales of $242.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The business is expected to issue its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full-year sales of $251.33 million for the current year, with estimates ranging from $1.02 billion to $1.12 billion. For the next financial year, analysts forecast that the company will post sales of $1.07 billion per share, with estimates ranging from $1.02 billion to $1.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 17.28% and a net margin of 39.18%. The firm had revenue of $240.70 million during the quarter, compared to the consensus estimate of $243.27 million. During the same quarter last year, the company posted $0.45 EPS. Gaming and Leisure Properties’s revenue for the quarter was up .8% on a year-over-year basis.

Several research firms have commented on GLPI. BidaskClub upgraded shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America decreased their target price on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating for the company in a research report on Friday, February 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Gaming and Leisure Properties in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, 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 report on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $38.13.

Gaming and Leisure Properties (NASDAQ GLPI) opened at $33.40 on Thursday. Gaming and Leisure Properties has a 1 year low of $30.22 and a 1 year high of $39.32. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.78. The company has a market cap of $7,172.83, a PE ratio of 18.76 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Thursday, March 8th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 141.57%.

In related news, CFO William J. Clifford acquired 54,606 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $33.00 per share, for a total transaction of $1,801,998.00. Following the completion of the acquisition, the chief financial officer now directly owns 320,674 shares of the company’s stock, valued at approximately $10,582,242. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Peter M. Carlino acquired 40,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $33.33 per share, with a total value of $1,333,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,388,089 shares of the company’s stock, valued at $146,255,006.37. The disclosure for this purchase can be found here. Company insiders own 5.88% of the company’s stock.

A number of large investors have recently modified their holdings of GLPI. Focused Wealth Management Inc bought a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $100,000. First Quadrant L P CA bought a new stake in Gaming and Leisure Properties during the third quarter worth approximately $151,000. American International Group Inc. bought a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $160,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Gaming and Leisure Properties by 46.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,290 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 1,679 shares in the last quarter. Finally, Signition LP bought a new stake in Gaming and Leisure Properties during the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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

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