Analysts expect that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will report earnings of $0.85 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties reported earnings of $0.79 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is scheduled to announce its next earnings results on Wednesday, April 24th.
On average, analysts expect that Gaming and Leisure Properties will report full-year earnings of $3.43 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $3.55 per share, with EPS estimates ranging from $3.49 to $3.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Gaming and Leisure Properties.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The business had revenue of $303.30 million during the quarter, compared to the consensus estimate of $306.12 million. Gaming and Leisure Properties had a return on equity of 14.42% and a net margin of 32.16%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS.
In other news, SVP Matthew Demchyk bought 1,000 shares of the stock in a transaction on Wednesday, February 20th. The stock was acquired at an average price of $36.49 per share, with a total value of $36,490.00. Following the acquisition, the senior vice president now directly owns 33,500 shares in the company, valued at $1,222,415. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.88% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of GLPI. Parallel Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 50.6% in the fourth quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 304 shares during the period. We Are One Seven LLC bought a new position in Gaming and Leisure Properties in the fourth quarter worth approximately $31,000. Ffcm LLC boosted its holdings in Gaming and Leisure Properties by 72.4% in the fourth quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 479 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Gaming and Leisure Properties by 43.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 434 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Gaming and Leisure Properties by 50.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 602 shares in the last quarter. 88.23% of the stock is owned by institutional investors.
GLPI traded down $0.05 during trading on Friday, hitting $38.85. The stock had a trading volume of 23,757 shares, compared to its average volume of 1,418,780. The company has a market capitalization of $8.35 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.39 and a beta of 0.55. Gaming and Leisure Properties has a one year low of $31.19 and a one year high of $38.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 3.60 and a quick ratio of 3.60.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.68 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.72 dividend on an annualized basis and a yield of 7.00%. Gaming and Leisure Properties’s payout ratio is presently 85.53%.
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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