Wall Street brokerages forecast that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will report earnings per share (EPS) of $0.77 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Gaming and Leisure Properties’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.77. Gaming and Leisure Properties reported earnings of $0.72 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is scheduled to issue its next earnings report on Tuesday, August 8th.
According to Zacks, analysts expect that Gaming and Leisure Properties will report full year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.10. For the next financial year, analysts expect that the business will report earnings of $3.12 per share, with EPS estimates ranging from $3.11 to $3.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Gaming and Leisure Properties.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business earned $242.71 million during the quarter, compared to the consensus estimate of $240.88 million. Gaming and Leisure Properties had a return on equity of 18.96% and a net margin of 34.93%. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS.
A number of brokerages have recently weighed in on GLPI. Zacks Investment Research lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Deutsche Bank AG increased their price objective on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.75.
Gaming and Leisure Properties (NASDAQ:GLPI) traded up 0.71% during midday trading on Monday, hitting $35.35. The company’s stock had a trading volume of 1,223,297 shares. Gaming and Leisure Properties has a one year low of $29.32 and a one year high of $35.98. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 20.42 and a beta of 0.93. The company’s 50-day moving average is $33.79 and its 200 day moving average is $31.86.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.02%. The ex-dividend date is Wednesday, June 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 154.84%.
In related news, SVP Steven T. Snyder sold 217,839 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $32.12, for a total transaction of $6,996,988.68. Following the sale, the senior vice president now directly owns 323,543 shares of the company’s stock, valued at $10,392,201.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.36% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Gaming and Leisure Properties by 43.6% in the third quarter. Capital Research Global Investors now owns 11,247,557 shares of the real estate investment trust’s stock valued at $376,231,000 after buying an additional 3,416,903 shares during the period. Norges Bank bought a new stake in Gaming and Leisure Properties during the fourth quarter valued at approximately $53,235,000. Thompson Siegel & Walmsley LLC raised its stake in Gaming and Leisure Properties by 101.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,777,346 shares of the real estate investment trust’s stock valued at $54,423,000 after buying an additional 896,639 shares during the period. Morgan Stanley raised its stake in Gaming and Leisure Properties by 58.3% in the third quarter. Morgan Stanley now owns 2,163,945 shares of the real estate investment trust’s stock valued at $72,385,000 after buying an additional 797,358 shares during the period. Finally, FMR LLC raised its stake in Gaming and Leisure Properties by 6.6% in the fourth quarter. FMR LLC now owns 11,111,104 shares of the real estate investment trust’s stock valued at $340,223,000 after buying an additional 688,733 shares during the period. 90.08% of the stock is currently owned by hedge funds and other institutional investors.
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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