Stock Roundup: Gaming and Leisure Properties Inc. (NASDAQ: GLPI)

Financial
Juan Cowley

North America, April 10, 2020 – Shares of Gaming and Leisure Properties Inc. (NASDAQ: GLPI) showed the bullish trend with a higher momentum of 7.60% to $28.44. The company traded total volume of 2.547M shares as contrast to its average volume of 2.07M shares. The company has a market value of $6.58B and about 231.52M shares outstanding.

Gaming and Leisure Properties Inc. (NASDAQ: GLPI) posted revenues of $287.61M for the quarter ended September 2019, missing the Zacks Consensus Estimate by 0.18%. This compares to year-ago revenues of $254.14M. The company has not been able to beat consensus revenue estimates over the last four quarters. Gaming and Leisure Properties (GLPI) came out with quarterly funds from operations of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to FFO of $0.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.35%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.85 per share when it actually produced FFO of $0.86, delivering a surprise of 1.18%. Over the last four quarters, the company has surpassed consensus FFO estimates two times.

The Company offered net profit margin of 33.80% while its gross profit margin was 89.80%. ROE was recorded as 18.30% while beta factor was 1.09. The stock, as of recent close, has shown the weekly upbeat performance of 15.94% which was maintained at -33.94% in this year.

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