Gaming and Leisure Properties Inc. (NASDAQ:GLPI) – Analysts at SunTrust Banks issued their FY2016 earnings estimates for shares of Gaming and Leisure Properties in a research note issued on Wednesday. SunTrust Banks analyst P. Scholes forecasts that the firm will post earnings of $2.88 per share for the year. SunTrust Banks also issued estimates for Gaming and Leisure Properties’ Q4 2016 earnings at $0.75 EPS, Q1 2017 earnings at $0.79 EPS, Q2 2017 earnings at $0.79 EPS, Q3 2017 earnings at $0.77 EPS, Q4 2017 earnings at $0.76 EPS and FY2017 earnings at $3.09 EPS.

A number of other brokerages also recently issued reports on GLPI. Deutsche Bank AG increased their price target on Gaming and Leisure Properties from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 11th. Morgan Stanley raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $38.00 in a research report on Wednesday, September 7th. Finally, TheStreet raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $34.44.

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

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 29.88 on Monday. The company has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. Gaming and Leisure Properties has a 12-month low of $24.21 and a 12-month high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.33. The company earned $233.30 million during the quarter, compared to the consensus estimate of $234.49 million. Gaming and Leisure Properties had a net margin of 31.38% and a return on equity of 20.85%. The company’s revenue for the quarter was up 57.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS.

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio increased its stake in Gaming and Leisure Properties by 116.8% in the second quarter. Strs Ohio now owns 295,578 shares of the company’s stock valued at $10,191,000 after buying an additional 159,212 shares during the period. Boston Advisors LLC purchased a new stake in Gaming and Leisure Properties during the second quarter valued at $10,964,000. Renaissance Technologies LLC increased its stake in Gaming and Leisure Properties by 48.4% in the first quarter. Renaissance Technologies LLC now owns 881,956 shares of the company’s stock valued at $27,270,000 after buying an additional 287,600 shares during the period. CIBC World Markets Inc. purchased a new stake in Gaming and Leisure Properties during the second quarter valued at $1,034,000. Finally, Nisa Investment Advisors LLC increased its stake in Gaming and Leisure Properties by 118.2% in the second quarter. Nisa Investment Advisors LLC now owns 72,999 shares of the company’s stock valued at $2,517,000 after buying an additional 39,545 shares during the period. 88.74% of the stock is currently owned by institutional investors.

In other Gaming and Leisure Properties news, CFO William J. Clifford sold 157,241 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $34.78, for a total value of $5,468,841.98. Following the sale, the chief financial officer now owns 293,069 shares of the company’s stock, valued at approximately $10,192,939.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 22.36% of the stock is owned by company insiders.

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. The Company’s segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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