Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Plans $0.82 Quarterly Dividend

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Monday, August 31st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.82 per share by the real estate investment trust on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, September 11th.

Gaming and Leisure Properties has increased its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Equities analysts expect Gaming and Leisure Properties to earn $4.20 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 78.1%.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI traded down $0.27 during midday trading on Tuesday, reaching $41.80. 4,322,737 shares of the stock traded hands, compared to its average volume of 2,504,448. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.74 and a quick ratio of 4.74. The stock has a market capitalization of $12.16 billion, a PE ratio of 12.26, a P/E/G ratio of 1.78 and a beta of 0.66. Gaming and Leisure Properties has a one year low of $41.17 and a one year high of $49.95. The company’s 50 day moving average is $43.99 and its 200 day moving average is $45.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. Gaming and Leisure Properties’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GLPI shares. Stifel Nicolaus reduced their target price on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Barclays lowered their price target on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on Gaming and Leisure Properties from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, June 30th. Wells Fargo & Company reduced their price objective on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Scotiabank upped their price objective on Gaming and Leisure Properties from $49.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.73.

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.