Revenue Update on Gaming and Leisure Properties Inc(NASDAQ:GLPI)

Gaming and Leisure Properties Inc(NASDAQ:GLPI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $207.36M. Analysts estimated a revenue of $212.11M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.72.

Gaming and Leisure Properties Inc (GLPI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.32% or 0.11 points. Due to strong positive momentum, the stock ended at $34.85, which is also near the day’s high of $34.96. The stock began the session at $34.8 and the volume stood at 13,37,006 shares. The 52-week high of the shares is $35.98 and the 52 week low is $24.21. The company has a current market capitalization of $7,148 M and it has 20,51,21,750 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $35.33 per share price.Also, 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.

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