Equities analysts forecast that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will post sales of $242.76 million for the current quarter, according to Zacks. Four analysts have provided estimates for Gaming and Leisure Properties’ earnings, with the lowest sales estimate coming in at $242.55 million and the highest estimate coming in at $243.10 million. Gaming and Leisure Properties reported sales of $238.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Gaming and Leisure Properties will report full year sales of $242.76 million for the current fiscal year, with estimates ranging from $973.16 million to $974.00 million. For the next year, analysts forecast that the firm will report sales of $996.45 million per share, with estimates ranging from $982.80 million to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The firm had revenue of $244.50 million during the quarter, compared to analyst estimates of $243.66 million. During the same period last year, the company earned $0.43 EPS. Gaming and Leisure Properties’s quarterly revenue was up 4.8% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. Ladenburg Thalmann Financial Services set a $41.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. 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. Jefferies Group assumed coverage on Gaming and Leisure Properties in a research report on Thursday. They set a “hold” rating for the company. Finally, UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.17.

In related news, Director E Scott Urdang purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the acquisition, the director now owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.88% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Gaming and Leisure Properties by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 14,795 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 352 shares during the period. The Manufacturers Life Insurance Company grew its stake in 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 buying an additional 473 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Gaming and Leisure Properties by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 90,674 shares of the real estate investment trust’s stock worth $3,416,000 after buying an additional 795 shares during the last quarter. QS Investors LLC grew its stake in Gaming and Leisure Properties by 5.2% during the 2nd quarter. QS Investors LLC now owns 29,557 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 1,450 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Gaming and Leisure Properties by 7.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 21,394 shares of the real estate investment trust’s stock worth $778,000 after buying an additional 1,499 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

Shares of Gaming and Leisure Properties (GLPI) traded down $0.34 during midday trading on Friday, reaching $36.42. The company’s stock had a trading volume of 1,153,100 shares, compared to its average volume of 1,033,242. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The company has a market cap of $7,740.00, a price-to-earnings ratio of 20.23 and a beta of 0.57. Gaming and Leisure Properties has a 1-year low of $30.22 and a 1-year high of $39.32.

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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.

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

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