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

9 Wall Street research 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, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GLPI shares.
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9 analysts have issued 12 month target prices for Gaming and Leisure Properties' shares. Their GLPI share price forecasts range from $50.00 to $62.00. On average, they predict the company's stock price to reach $54.89 in the next year. This suggests a possible upside of 8.1% 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 shares have increased by 4.4% and is now trading at $50.79.
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Gaming and Leisure Properties is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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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 EPS for the quarter, missing analysts' consensus estimates of $0.89 by $0.27. The real estate investment trust earned $326.40 million during the quarter, compared to the consensus estimate of $325.40 million. Gaming and Leisure Properties had a trailing twelve-month return on equity of 16.30% and a net margin of 43.54%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share.

Gaming and Leisure Properties announced a quarterly dividend on Tuesday, May 10th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.705 per share on Friday, June 24th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Thursday, June 9th. This is a positive change from the stock's previous quarterly dividend of $0.69.
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 5.51%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 127.03%. 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 77.26% 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, August, 4th. The company provided earnings per share guidance of $3.50-$3.54 for the period. 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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.94%), DAVENPORT & Co LLC (0.65%), abrdn plc (0.55%), Thompson Siegel & Walmsley LLC (0.44%), Jennison Associates LLC (0.41%) and Russell Investments Group Ltd. (0.32%). 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 $50.79.

Gaming and Leisure Properties (NASDAQ:GLPI) has a market capitalization of $12.98 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 $2.22 on an earnings per share basis.

Gaming and Leisure Properties employs 17 workers across the globe.

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.