Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Increases Dividend to $0.82 Per Share

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, May 20th. Investors 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) annualized dividend and a dividend 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 by an average of 0.1%per year 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 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

Shares of NASDAQ:GLPI opened at $47.22 on Thursday. The company has a market cap of $13.38 billion, a P/E ratio of 14.99, a PEG ratio of 2.05 and a beta of 0.68. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $49.95. The business’s 50-day simple moving average is $46.75 and its 200 day simple moving average is $45.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $419.99 million for 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 company’s revenue was up 6.3% on a year-over-year basis. 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. On average, sell-side analysts forecast that Gaming and Leisure Properties will post 4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total transaction of $811,276.20. Following the sale, the chief operating officer directly owned 257,874 shares in the company, valued at $12,390,845.70. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Desiree A. Burke sold 9,804 shares of Gaming and Leisure Properties stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the sale, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,178 shares of company stock worth $1,552,938 in the last three months. 4.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter worth approximately $31,000. True Wealth Design LLC boosted its position in Gaming and Leisure Properties by 238.3% during the 4th quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 610 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Gaming and Leisure Properties by 107.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Gaming and Leisure Properties

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.