Equities analysts predict that Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) will report earnings of $0.77 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties reported earnings per share of $0.72 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $3.09 to $3.10. For the next year, analysts expect that the company will post earnings of $3.12 per share, with EPS estimates ranging from $3.11 to $3.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $242.71 million for the quarter, compared to analysts’ expectations of $240.88 million. Gaming and Leisure Properties had a net margin of 38.01% and a return on equity of 16.42%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share.

A number of brokerages have recently commented on GLPI. BidaskClub lowered shares of Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Ladenburg Thalmann Financial Services began coverage on shares of Gaming and Leisure Properties in a report on Friday, June 2nd. They issued a “buy” rating and a $41.00 price target on the stock. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Thursday, June 15th. TheStreet raised shares of Gaming and Leisure Properties from a “c+” rating to a “b” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG increased their price target on shares of Gaming and Leisure Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 37.12 on Friday. Gaming and Leisure Properties has a 1-year low of $29.32 and a 1-year high of $38.89.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Wednesday, June 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 144.19%.

In other news, Director Barry F. Schwartz purchased 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were acquired at an average price of $36.44 per share, with a total value of $364,400.00. Following the acquisition, the director now directly owns 14,804 shares in the company, valued at $539,457.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.88% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 291 shares during the period. Penserra Capital Management LLC boosted its stake in Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,228 shares in the last quarter. Geneva Advisors LLC bought a new stake in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Vident Investment Advisory LLC bought a new stake in Gaming and Leisure Properties during the first quarter valued at approximately $201,000. Finally, Neuberger Berman Group LLC bought a new stake in Gaming and Leisure Properties during the first quarter valued at approximately $205,000. 90.15% of the stock is currently owned by institutional investors and hedge funds.

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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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