Gaming and Leisure Properties, Inc. (GLPI) To Go Ex-Dividend on June 12th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.82 per share by the real estate investment trust on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, June 12th. This is a 5.1% increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78.

Gaming and Leisure Properties has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Gaming and Leisure Properties has a dividend payout ratio of 105.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gaming and Leisure Properties to earn $4.16 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 78.8%.

Gaming and Leisure Properties Stock Up 2.7%

Shares of NASDAQ:GLPI opened at $47.82 on Wednesday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $46.87 and a 200 day simple moving average of $45.99. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $49.95. The firm has a market cap of $13.55 billion, a P/E ratio of 15.18, a P/E/G ratio of 2.01 and a beta of 0.66.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. Analysts predict that Gaming and Leisure Properties will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLPI shares. Mizuho lifted their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Barclays upped their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank increased their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus target price of $52.89.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.