Gaming and Leisure Properties (GLPI) to Release Quarterly Earnings on Wednesday

Gaming and Leisure Properties (NASDAQ:GLPI) is scheduled to be issuing its quarterly earnings data on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). The firm had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.31%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. On average, analysts expect Gaming and Leisure Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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NASDAQ GLPI opened at $34.25 on Monday. The firm has a market capitalization of $7,324.57, a PE ratio of 10.96 and a beta of 0.80. Gaming and Leisure Properties has a 52 week low of $32.51 and a 52 week high of $39.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.81.

GLPI has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating on shares of Gaming and Leisure Properties in a research note on Friday, February 9th. Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. ValuEngine cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Bank of America decreased their price objective on Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.38.

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

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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.

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

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