Brokerages forecast that Gaming and Leisure Properties (NASDAQ:GLPI) will post $0.78 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties reported earnings of $0.79 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, April 25th.

On average, analysts expect that Gaming and Leisure Properties will report full year earnings of $3.13 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $3.18 per share, with EPS estimates ranging from $3.13 to $3.22. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Gaming and Leisure Properties.

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Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 39.18%. The company had revenue of $240.70 million during the quarter, compared to the consensus estimate of $243.27 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. ValuEngine cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, March 30th. Ladenburg Thalmann set a $40.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Bank of America decreased their target price on Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Gaming and Leisure Properties presently has an average rating of “Hold” and a consensus price target of $38.13.

In other news, CEO Peter M. Carlino purchased 40,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased 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 owns 4,388,089 shares of the company’s stock, valued at approximately $146,255,006.37. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William J. Clifford purchased 54,606 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $1,801,998.00. Following the completion of the purchase, the chief financial officer now directly owns 320,674 shares of the company’s stock, valued at approximately $10,582,242. The disclosure for this purchase can be found here. Insiders own 5.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $100,000. American International Group Inc. acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $160,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 valued at $196,000 after purchasing an additional 1,679 shares in the last quarter. Signition LP acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter valued at about $224,000. Finally, Stifel Financial Corp acquired a new stake in shares of Gaming and Leisure Properties during the third quarter valued at about $249,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ GLPI opened at $33.29 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.81. Gaming and Leisure Properties has a 52 week low of $32.51 and a 52 week high of $39.32. The firm has a market capitalization of $7,098.20, a P/E ratio of 10.57 and a beta of 0.80.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date was Thursday, March 8th. Gaming and Leisure Properties’s dividend payout ratio is presently 80.00%.

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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.

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

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