Gaming and Leisure Properties - GLPI Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLPI shares.
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7 brokerages have issued 1 year target prices for Gaming and Leisure Properties' stock. Their GLPI share price forecasts range from $54.00 to $62.00. On average, they expect the company's share price to reach $56.60 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
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Gaming and Leisure Properties' stock was trading at $52.09 at the beginning of the year. Since then, GLPI shares have increased by 1.5% and is now trading at $52.89.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) posted its quarterly earnings results 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 earned $326.40 million during the quarter, compared to analyst estimates of $325.40 million. Gaming and Leisure Properties had a trailing twelve-month return on equity of 17.12% and a net margin of 47.91%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share.

Gaming and Leisure Properties declared a quarterly dividend on Wednesday, November 23rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.705 per share on Friday, December 23rd. This represents a $2.82 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for GLPI.

Gaming and Leisure Properties (NASDAQ:GLPI) pays an annual dividend of $2.82 per share and currently has a dividend yield of 5.38%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 115.57%. 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 77.47% 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 FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $3.52-$3.54 for the period, compared to the consensus earnings per share estimate of $3.28. The company issued revenue guidance of -.

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 number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.88%), DAVENPORT & Co LLC (0.50%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.33%), Strs Ohio (0.14%), State of Alaska Department of Revenue (0.11%) and Sound Income Strategies LLC (0.05%). Insiders that own company stock include Barry F Schwartz, Brandon John Moore, Desiree A Burke, E Scott Urdang, Earl C Shanks, 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 $52.89.

Gaming and Leisure Properties (NASDAQ:GLPI) has a market capitalization of $13.51 billion and generates $1.22 billion in revenue each year. The real estate investment trust earns $534.09 million in net income (profit) each year or $2.44 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.