Gaming and Leisure Properties Inc (NASDAQ:GLPI) – Investment analysts at SunTrust Banks issued their Q1 2019 EPS estimates for shares of Gaming and Leisure Properties in a research note issued on Thursday. SunTrust Banks analyst P. Scholes forecasts that the real estate investment trust will earn $0.77 per share for the quarter. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Gaming and Leisure Properties’ Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $3.08 EPS.
GLPI has been the subject of several other reports. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, October 31st. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Finally, Ladenburg Thalmann Financial Services set a $43.00 price objective on shares of Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.17.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The company had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. During the same period in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 7.00%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 140.00%.
In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the transaction, the director now owns 55,241 shares in the company, valued at $2,001,381.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.88% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in Gaming and Leisure Properties by 11.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust’s stock worth $26,513,000 after purchasing an additional 73,869 shares during the period. Forsta AP Fonden boosted its position in Gaming and Leisure Properties by 36.6% during the 3rd quarter. Forsta AP Fonden now owns 100,300 shares of the real estate investment trust’s stock worth $3,700,000 after purchasing an additional 26,900 shares during the period. Parametrica Management Ltd boosted its position in Gaming and Leisure Properties by 54.6% during the 3rd quarter. Parametrica Management Ltd now owns 15,958 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 5,639 shares during the period. Brown Advisory Inc. purchased a new stake in Gaming and Leisure Properties during the 3rd quarter worth $289,000. Finally, Teachers Advisors LLC boosted its position in Gaming and Leisure Properties by 21.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,283,072 shares of the real estate investment trust’s stock worth $48,333,000 after purchasing an additional 225,040 shares during the period. 92.04% of the stock is owned by hedge funds and other institutional investors.
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Gaming and Leisure Properties Company Profile
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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