Gaming and Leisure Properties Inc (GLPI) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Gaming and Leisure Properties Inc (GLPI) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.50. The company posted revenue of $207.40 million in the period, compared to analysts expectations of $211.37 million. The company’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Gaming and Leisure Properties Inc closed down -0.05 points or -0.14% at $35.4 with 12,10,554 shares getting traded on Monday. Post opening the session at $35.54, the shares hit an intraday low of $35.34 and an intraday high of $35.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 5, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $35.33 per share price. According to the SEC, on Jul 15, 2016, Peter M Carlino (Chairman & CEO) sold 269,130 shares at $35.03 per share price. On Jul 7, 2016, Brandon John Moore (SVP & General Counsel) sold 13,216 shares at $35.00 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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