Equities analysts forecast that Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) will announce $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties posted earnings per share of $0.43 in the same quarter last year, which indicates a positive year-over-year growth rate of 83.7%. The company is expected to announce its next earnings report on Tuesday, November 14th.

On average, analysts expect that Gaming and Leisure Properties will report full year earnings of $2.86 per share for the current year, with EPS estimates ranging from $2.27 to $3.15. For the next fiscal year, analysts expect that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.26 to $3.21. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.32). Gaming and Leisure Properties had a net margin of 38.99% and a return on equity of 17.14%. The business had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $243.77 million. During the same period last year, the company posted $0.39 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 17.4% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Barclays PLC lifted their price objective on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.57.

In other Gaming and Leisure Properties news, Director Barry F. Schwartz purchased 10,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the completion of the transaction, the director now owns 14,804 shares of the company’s stock, valued at approximately $539,457.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EP Wealth Advisors LLC bought a new stake in Gaming and Leisure Properties in the second quarter worth $2,768,000. Public Employees Retirement System of Ohio increased its position in Gaming and Leisure Properties by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 90,674 shares of the real estate investment trust’s stock valued at $3,416,000 after acquiring an additional 795 shares during the last quarter. Koch Industries Inc. bought a new position in Gaming and Leisure Properties during the second quarter valued at $728,000. Piedmont Investment Advisors LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at $2,768,000. Finally, Sterling Capital Management LLC increased its position in Gaming and Leisure Properties by 480.1% during the second quarter. Sterling Capital Management LLC now owns 78,285 shares of the real estate investment trust’s stock valued at $2,949,000 after acquiring an additional 64,790 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Shares of Gaming and Leisure Properties (NASDAQ GLPI) traded down 0.225% during midday trading on Monday, hitting $37.745. 559,502 shares of the stock were exchanged. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $39.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 6.66%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.62. Gaming and Leisure Properties’s payout ratio is currently 141.57%.

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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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