Gaming and Leisure Properties (GLPI) Stock Price, News & Analysis

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLPI shares.
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11 brokers have issued 1-year target prices for Gaming and Leisure Properties' stock. Their GLPI share price targets range from $47.00 to $63.00. On average, they expect the company's share price to reach $52.09 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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Gaming and Leisure Properties' stock was trading at $49.35 on January 1st, 2024. Since then, GLPI stock has decreased by 13.3% and is now trading at $42.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Gaming and Leisure Properties will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745861".

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced its quarterly earnings data on Thursday, July, 28th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.27. The real estate investment trust earned $326.40 million during the quarter, compared to analysts' expectations of $325.40 million. Gaming and Leisure Properties had a trailing twelve-month return on equity of 17.38% and a net margin of 51.39%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS.

Gaming and Leisure Properties declared a quarterly dividend on Monday, February 26th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.76 per share on Friday, March 29th. This represents a $3.04 annualized dividend and a yield of 7.10%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for GLPI.

Gaming and Leisure Properties (NASDAQ:GLPI) pays an annual dividend of $3.04 per share and currently has a dividend yield of 7.07%. GLPI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GLPI will have a dividend payout ratio of 81.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GLPI.

ETFs with the largest weight of Gaming and Leisure Properties (NASDAQ:GLPI) stock in their portfolio include VanEck Gaming ETF (BJK), Kelly Hotel & Lodging Sector ETF (HOTL), AdvisorShares Vice ETF (VICE), NETLease Corporate Real Estate ETF (NETL), Principal Real Estate Active Opportunities ETF (BYRE), Formidable Fortress ETF (KONG), Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Putnam Focused Large Cap Value ETF (PVAL).

Gaming and Leisure Properties updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 3.700-3.740 for the period, compared to the consensus earnings per share estimate of 3.770. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gaming and Leisure Properties investors own include Edwards Lifesciences (EW), Omega Healthcare Investors (OHI), Enterprise Products Partners (EPD), AT&T (T), ONEOK (OKE), Gilead Sciences (GILD), AbbVie (ABBV), Ares Capital (ARCC), Brookfield Infrastructure Partners (BIP) and Ventas (VTR).

Gaming and Leisure Properties' stock is owned by many different retail and institutional investors. Top institutional shareholders include Fort Pitt Capital Group LLC (0.47%), Sound Income Strategies LLC (0.08%), Gateway Investment Advisers LLC (0.02%), Pensionfund Sabic (0.02%), Pensionfund DSM Netherlands (0.02%) and EWG Elevate Inc. (0.01%). Insiders that own company stock include Barry F Schwartz, Brandon John Moore, Desiree A Burke, E Scott Urdang, Matthew Demchyk and Steven Ladany.
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Shares of GLPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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