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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 1 sell rating, 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GLPI shares.
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10 equities research analysts have issued 1-year price objectives for Gaming and Leisure Properties' shares. Their GLPI share price forecasts range from $53.00 to $62.00. On average, they expect the company's share price to reach $55.18 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
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Gaming and Leisure Properties' stock was trading at $48.66 at the start of the year. Since then, GLPI stock has increased by 6.7% and is now trading at $51.94.
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Gaming and Leisure Properties saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 4,420,000 shares, an increase of 20.1% from the October 31st total of 3,680,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 2.4 days.
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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) issued its earnings results on Thursday, July, 28th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.27. The real estate investment trust had revenue of $326.40 million for the quarter, compared to analysts' expectations of $325.40 million. Gaming and Leisure Properties had a net margin of 47.91% and a trailing twelve-month return on equity of 17.12%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business earned $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 paid a dividend of $0.705 per share on Friday, December 23rd. This represents a $2.82 dividend on an annualized basis and a yield of 5.43%. 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 5.43%. 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 77.05% 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 (EPS) guidance of $3.52-$3.54 for the period, compared to the consensus 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.14%), BlackRock Inc. (6.82%), State Street Corp (3.37%), Putnam Investments LLC (3.25%), Allspring Global Investments Holdings LLC (1.86%) and Dimensional Fund Advisors LP (1.31%). 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 $51.94.

Gaming and Leisure Properties (NASDAQ:GLPI) has a market capitalization of $13.27 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.