Economy

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) To Report Earnings

Systematic Financial Management LP raised its position in Gaming and Leisure Properties by 44.4% in the second quarter. The SI to Gaming and Leisure Properties IN's float is 3.29%. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) has "Neutral" rating given on Friday, April 8 by SunTrust. Schwab Charles Investment Management Inc. now owns 703,821 shares of the real estate investment trust's stock valued at $26,513,000 after purchasing an additional 73,869 shares during the last quarter. The percentage of shares being held by the company management was 0.5% while institutional stake was 0%. They now have a $38.00 price objective on the real estate investment trust's stock. The fund owned 132,642 shares of the company's stock after buying an additional 100 shares during the period. Finally, State Street Corp lifted its stake in Gaming and Leisure Properties by 0.8% in the second quarter. Capital World Investors lifted its stake in Gaming and Leisure Properties by 760.4% in the second quarter. That's a potential 7.37 gain from where (NASDAQ:GLPI) has been trading recently. Of the 1 analysts surveyed by Reuters that track NIHD 0 of them rate its stock a hold.

Receive Gaming and Leisure Properties, Inc. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 20.29 and a beta of 0.87. The stock has a 50 day moving average price of $37.14 and a 200 day moving average price of $36.90. Gaming and Leisure Properties, Inc. has 213.06 million shares outstanding, and in the last trade has seen ATR around 0.62.

In terms of earnings per share, 6 analysts have a 0.45 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 2 analysts have a 0.47 EPS mean target and for the quarter ending Mar-18 there are 6 estimates of 1.80 EPS. Gaming and Leisure Properties's revenue for the quarter was up 17.4% on a year-over-year basis. The legal version of this report can be accessed at https://stocknewstimes.com/2017/10/26/suntrust-banks-inc-reiterates-hold-rating-for-gaming-and-leisure-properties-inc-glpi.html.

Looking forward, the company's quarterly earnings are expected to come at $1.23 in the three months through September 2017 and $0.3 in the quarter ending December 2017, reflecting -868.75% and -142.25% growth, respectively. At present, 1 analysts call it Sell, while 6 think it is Hold. It dropped, as 25 investors sold Gaming and Leisure Properties Inc shares while 80 reduced holdings.

Several equities analysts have recently issued reports on the company. BidaskClub raised shares of Gaming and Leisure Properties from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, June 27th. Stifel Nicolaus restated a "hold" rating and issued a $39.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. The average 1-year price target for (GLPI) reveals an average price target of $38.73 per share. Stephens Incorporated Ar invested in 93,732 shares or 0.12% of the stock. The stock was sold at an average price of $30.20, for a total transaction of $5,491,658.60. Acadian Asset Mgmt Ltd Company owns 2,049 shares for 0% of their portfolio. The information contained in this Current Report on Form 8-K, including Exhibit 99.1, that is being furnished under this Item 2.02 shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing. Finally, Bank of New York Mellon Corp boosted its holdings in Gaming and Leisure Properties by 4.6% in the 2nd quarter. The disclosure for this purchase can be found here. Employees Retirement System Of Ohio has invested 0.02% in Gaming and Leisure Properties Inc (NASDAQ:GLPI). 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 GLP Capital segment consists of the leased real property and represents the Company's business.



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