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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLPI shares.
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12 equities research analysts have issued 1-year price objectives for Gaming and Leisure Properties' shares. Their GLPI share price targets range from $50.00 to $63.00. On average, they predict the company's share price to reach $54.25 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
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Gaming and Leisure Properties' stock was trading at $52.09 at the beginning of 2023. Since then, GLPI shares have decreased by 14.0% and is now trading at $44.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) posted its quarterly earnings data on Thursday, July, 28th. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.27. The real estate investment trust had revenue of $326.40 million for the quarter, compared to the consensus estimate of $325.40 million. Gaming and Leisure Properties had a trailing twelve-month return on equity of 17.36% and a net margin of 51.33%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share.

Gaming and Leisure Properties declared a quarterly dividend on Wednesday, November 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.73 per share on Friday, December 22nd. This represents a $2.92 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend is Thursday, December 7th.
Read our dividend analysis for GLPI.

Gaming and Leisure Properties (NASDAQ:GLPI) pays an annual dividend of $2.92 per share and currently has a dividend yield of 6.51%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 106.57%. 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 79.56% 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), Putnam Focused Large Cap Value ETF (PVAL) and AdvisorShares Hotel ETF (BEDZ).

Gaming and Leisure Properties updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $3.68-$3.69 for the period, compared to the consensus EPS estimate of $3.68.

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 a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (3.28%), Bamco Inc. NY (3.15%), FMR LLC (2.41%), Allspring Global Investments Holdings LLC (1.90%), Morgan Stanley (1.52%) and Invesco Ltd. (1.24%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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