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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Friday, June 12th will be given 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 yield of 6.9%. The ex-dividend date of this dividend 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 annually for the last 2 consecutive years. Gaming and Leisure Properties has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 $3.12 annual dividend with an expected future payout ratio of 75.0%.

Gaming and Leisure Properties Trading Up 0.6%

NASDAQ:GLPI opened at $47.50 on Friday. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $49.95. The firm has a 50 day moving average of $46.73 and a 200 day moving average of $45.76. 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 stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.04 and a beta of 0.68.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GLPI. Barclays increased their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Scotiabank increased their target price on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Mizuho increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

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.