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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLPI shares.
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11 brokerages have issued twelve-month price objectives for Gaming and Leisure Properties' stock. Their GLPI share price forecasts range from $50.00 to $63.00. On average, they predict the company's stock price to reach $55.27 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
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Gaming and Leisure Properties' stock was trading at $52.09 at the start of the year. Since then, GLPI stock has decreased by 10.9% and is now trading at $46.39.
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Gaming and Leisure Properties saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,870,000 shares, an increase of 15.1% from the August 15th total of 4,230,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 4.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our GLPI earnings forecast.

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 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 net margin of 54.88% and a trailing twelve-month return on equity of 18.63%. Gaming and Leisure Properties's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share.

Gaming and Leisure Properties announced a quarterly dividend on Wednesday, August 30th. Investors of record on Friday, September 15th will be given a dividend of $0.73 per share on Friday, September 29th. This represents a $2.92 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.72.
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 (NASDAQ:GLPI) pays an annual dividend of $2.92 per share and currently has a dividend yield of 6.26%. 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 101.04%. 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.

Gaming and Leisure Properties updated its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $3.66-$3.68 for the period, compared to the consensus estimate of $3.67.

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 trades on the NASDAQ under the ticker symbol "GLPI."

Gaming and Leisure Properties' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.22%), Capital International Investors (4.45%), Capital World Investors (4.21%), State Street Corp (3.50%), Principal Financial Group Inc. (2.89%) and Allspring Global Investments Holdings LLC (1.86%). 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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One share of GLPI stock can currently be purchased for approximately $46.39.

Gaming and Leisure Properties (NASDAQ:GLPI) has a market capitalization of $12.18 billion and generates $1.31 billion in revenue each year. The real estate investment trust earns $684.65 million in net income (profit) each year or $2.89 on an earnings per share basis.

Gaming and Leisure Properties' mailing address is 845 Berkshire Blvd. Suite200, Wyomissing PA, 19610. The official website for the company is www.glpropinc.com. The real estate investment trust can be reached via phone at (610) 401-2900 or via email at ssnyder@glpropinc.com.