Gaming and Leisure Properties (GLPI) Announces Earnings Results, Misses Expectations By $0.33 EPS

Gaming and Leisure Properties (NASDAQ:GLPI) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33), Yahoo Finance reports. The company had revenue of $240.70 million during the quarter, compared to analysts’ expectations of $243.27 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share.

Shares of Gaming and Leisure Properties (GLPI) traded down $0.44 during trading on Friday, hitting $32.78. The stock had a trading volume of 1,458,273 shares, compared to its average volume of 1,241,394. Gaming and Leisure Properties has a 1 year low of $30.22 and a 1 year high of $39.32. The stock has a market cap of $7,462.38, a price-to-earnings ratio of 18.42 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78.

Several institutional investors have recently made changes to their positions in GLPI. First Quadrant L P CA bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $151,000. Advisor Group Inc. grew its stake in shares of Gaming and Leisure Properties by 75.3% during the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 1,998 shares during the period. Signition LP bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth $224,000. Stifel Financial Corp bought a new position in shares of Gaming and Leisure Properties during the 3rd quarter worth $249,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Gaming and Leisure Properties by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 473 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Jefferies Group assumed coverage on Gaming and Leisure Properties in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Ladenburg Thalmann Financial Services set a $43.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.17.

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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.

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

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