Gaming and Leisure Properties Inc (GLPI) was Initiated by Buckingham Research to “Neutral”. Buckingham Research advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Gaming and Leisure Properties Inc. UBS Initiated Gaming and Leisure Properties Inc on Sep 26, 2016 to “Neutral”, Price Target of the shares are set at $35.Gaming and Leisure Properties Inc was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016.
On the company’s financial health, Gaming and Leisure Properties Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.54. The company had revenue of $233.28 million for the quarter, compared to analysts expectations of $234.47 million. The company’s revenue was up 57.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Gaming and Leisure Properties Inc closed down -0.02 points or -0.07% at $30.22 with 9,33,121 shares getting traded on Monday. Post opening the session at $30.35, the shares hit an intraday low of $30.1065 and an intraday high of $30.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 15, 2016, E Scott Urdang (director) purchased 16,000 shares at $30.20 per share price. According to the SEC, on Sep 9, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 157,241 shares at $34.78 per share price. On Aug 16, 2016, Desiree A. Burke (SVP & Chief Accounting Officer) sold 132,156 shares at $35.41 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.