Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GLPI to report 3Q20 income of $ 0.53 per share.
For the full year, analysts anticipate top line of $ 1112.08 million, while looking forward to income of $ 2.04 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,193.90 million ~ $ 1,196.10 million, where as bottomline are predicted in a range of $ 3.49 ~ $ 3.52 per share
Click Here For More Historical Outlooks Of Gaming and Leisure Properties, Inc.
Previous Quarter Performance
Gaming and Leisure Properties, Inc. unwinded income for the second quarter of $ 0.84 per share, from the revenue of $ 261.97 million. The quarterly earnings raised 100.00 percent while revenues down 9.36 percent compared with the same quarter last year.
Wall street analysts are predicting, GLPI to report 2Q20 income of $ 0.47 per share from revenue of $ 258.28 million. The bottom line results beat street analysts by $ 0.37 or 78.72 percent, at the same time, top line results outshined analysts by $ 3.69 million or 1.43 percent.
Stock Performance
Shares of Gaming and Leisure Properties, Inc. traded low $ -0.02 or -0.05 percent on Friday, reaching $ 39.20 with volume of 471.80 thousand shares. Gaming and Leisure Properties, Inc. has traded high as $ 39.50 and has cracked $ 38.52 on the downward trend
According to the previous trading day, closing price of $ 39.20, representing a 200.77 % increase from the 52 week low of $ 13.04 and a 23.08 % decrease over the 52 week high of $ 50.99.
The company has a market capital of $ 8.54 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 3Q20 dividend of $ 0.60 per share on August 7, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators. GLPI also intends to diversify its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties.
