Gaming and Leisure Properties Inc (GLPI) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Gaming and Leisure Properties Inc (GLPI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.47 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.54. The company posted revenue of $148.80 million in the period, compared to analysts expectations of $149.24 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. Company shares were Reiterated by Telsey Advisory Group on Apr 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .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.

Gaming and Leisure Properties Inc closed down -0.19 points or -0.59% at $31.87 with 28,00,166 shares getting traded on Friday. Post opening the session at $32.06, the shares hit an intraday low of $31.83 and an intraday high of $32.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 15, 2016, Desiree A. Burke (SVP & Chief Accounting Officer) sold 4,389 shares at $33.00 per share price. According to the SEC, on Apr 8, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $31.49 per share price. On Feb 26, 2016, E Scott Urdang (director) purchased 5,000 shares at $25.22 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 Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

Gaming and Leisure Properties Inc

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