Gaming and Leisure Properties Inc (GLPI) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $31 . Telsey Advisory Group advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. Gaming and Leisure Properties Inc was Resumed by JP Morgan to “Overweight” on Apr 13, 2016. Gaming and Leisure Properties Inc was Initiated by Sun Trust Rbsn Humphrey to “Neutral” on Apr 8, 2016. Morgan Stanley Resumed Gaming and Leisure Properties Inc on Apr 1, 2016 to “Equal-Weight”, Price Target of the shares are set at $34.
On the company’s financial health, Gaming and Leisure Properties Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.47. The company had revenue of $128.70 million for the quarter, compared to analysts expectations of $145.26 million. The company’s revenue was down -11.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Gaming and Leisure Properties Inc opened for trading at $31.81 and hit $32.23 on the upside on Monday, eventually ending the session at $32.14, with a gain of 1.61% or 0.51 points. The heightened volatility saw the trading volume jump to 24,61,588 shares. Company has a market cap of $3,750 M.
In a different news, on Apr 8, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $31.49 per share price. According to the SEC, on Feb 26, 2016, E Scott Urdang (director) purchased 5,000 shares at $25.22 per share price. On Feb 25, 2016, David A Handler (director) purchased 39,000 shares at $25.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Gaming and Leisure Properties Inc. (GLPI) is a self-administered and self-managed 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. Triple net leases are leases in which the lessee pays rent to the lessor as well as all taxes insurance and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital L.P. (a wholly owned subsidiary of GLPI through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.