Brokerages expect that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will report $287.72 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Gaming and Leisure Properties’ earnings, with the lowest sales estimate coming in at $287.10 million and the highest estimate coming in at $288.20 million. Gaming and Leisure Properties reported sales of $303.32 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.1%. The business is expected to announce its next earnings report after the market closes on Thursday, February 20th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full-year sales of $1.15 billion for the current year. For the next financial year, analysts anticipate that the firm will report sales of $1.16 billion, with estimates ranging from $1.16 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.41). Gaming and Leisure Properties had a net margin of 27.62% and a return on equity of 14.76%. The business had revenue of $287.61 million for the quarter, compared to the consensus estimate of $288.09 million. During the same period in the prior year, the business posted $0.76 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 13.2% on a year-over-year basis.

GLPI has been the topic of several recent research reports. Macquarie initiated coverage on shares of Gaming and Leisure Properties in a report on Thursday, October 24th. They set an “outperform” rating and a $44.00 target price on the stock. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 4th. BidaskClub raised shares of Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 16th. Deutsche Bank reaffirmed a “buy” rating and set a $46.00 target price on shares of Gaming and Leisure Properties in a report on Thursday, November 21st. Finally, ValuEngine lowered shares of Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $44.75.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 35,777 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $43.09, for a total value of $1,541,630.93. Following the sale, the chief accounting officer now owns 139,944 shares of the company’s stock, valued at approximately $6,030,186.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brandon John Moore sold 5,024 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $43.08, for a total transaction of $216,433.92. Following the completion of the sale, the senior vice president now directly owns 134,441 shares in the company, valued at approximately $5,791,718.28. The disclosure for this sale can be found here. In the last three months, insiders acquired 10,000 shares of company stock worth $418,875 and sold 45,801 shares worth $1,983,065. 6.05% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in GLPI. Nuveen Asset Management LLC grew its holdings in Gaming and Leisure Properties by 2,315.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,718,537 shares of the real estate investment trust’s stock worth $105,968,000 after acquiring an additional 2,605,967 shares during the last quarter. Invesco Ltd. lifted its position in shares of Gaming and Leisure Properties by 195.3% in the 2nd quarter. Invesco Ltd. now owns 1,232,828 shares of the real estate investment trust’s stock worth $48,056,000 after purchasing an additional 815,302 shares during the period. Millennium Management LLC lifted its position in shares of Gaming and Leisure Properties by 5,109.2% in the 3rd quarter. Millennium Management LLC now owns 781,387 shares of the real estate investment trust’s stock worth $29,880,000 after purchasing an additional 766,387 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Gaming and Leisure Properties by 164.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 841,731 shares of the real estate investment trust’s stock worth $32,181,000 after purchasing an additional 523,418 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Gaming and Leisure Properties by 255.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,000 shares of the real estate investment trust’s stock worth $10,860,000 after purchasing an additional 204,000 shares during the period. 85.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of GLPI stock traded down $0.22 on Wednesday, hitting $45.97. 787,165 shares of the company’s stock traded hands, compared to its average volume of 917,110. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.24 and a current ratio of 3.24. Gaming and Leisure Properties has a one year low of $35.39 and a one year high of $46.96. The company’s fifty day simple moving average is $43.59 and its 200 day simple moving average is $40.40. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.36 and a beta of 0.51.

Gaming and Leisure Properties Company Profile

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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