Gaming and Leisure Properties Inc. (NASDAQ:glpi) declared a quarterly dividend on Tuesday, November 8th. Investors of record on Monday, December 5th will be given a dividend of 0.60 per share on Friday, December 16th. This represents a $2.40 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Thursday, December 1st.

Gaming and Leisure Properties (NASDAQ:GLPI) opened at 30.60 on Friday. Gaming and Leisure Properties has a 52-week low of $24.21 and a 52-week high of $35.98. The company has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.33. The firm earned $233.30 million during the quarter, compared to the consensus estimate of $234.49 million. Gaming and Leisure Properties had a return on equity of 20.85% and a net margin of 31.38%. The firm’s revenue for the quarter was up 57.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. Analysts predict that Gaming and Leisure Properties will post $2.98 EPS for the current year.

Dividend History for Gaming and Leisure Properties (NASDAQ:glpi)

In other news, Director E Scott Urdang purchased 16,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were acquired at an average cost of $30.20 per share, with a total value of $483,200.00. Following the completion of the acquisition, the director now owns 44,525 shares of the company’s stock, valued at $1,344,655. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO William J. Clifford sold 157,241 shares of Gaming and Leisure Properties stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $34.78, for a total transaction of $5,468,841.98. Following the completion of the transaction, the chief financial officer now directly owns 293,069 shares in the company, valued at $10,192,939.82. The disclosure for this sale can be found here. Corporate insiders own 22.36% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in Gaming and Leisure Properties by 365.6% in the third quarter. D.A. Davidson & CO. now owns 5,047 shares of the company’s stock valued at $168,000 after buying an additional 3,963 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Gaming and Leisure Properties during the third quarter valued at about $286,000. Cornerstone Capital Management Holdings LLC. raised its position in Gaming and Leisure Properties by 24.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 144,179 shares of the company’s stock valued at $4,821,000 after buying an additional 27,910 shares in the last quarter. Verition Fund Management LLC raised its position in Gaming and Leisure Properties by 77.8% in the third quarter. Verition Fund Management LLC now owns 16,332 shares of the company’s stock valued at $546,000 after buying an additional 7,148 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Gaming and Leisure Properties during the third quarter valued at about $189,000. 88.88% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Deutsche Bank AG raised their target price on shares of Gaming and Leisure Properties from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, August 11th. Morgan Stanley raised shares of Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $38.00 in a research report on Wednesday, September 7th. TheStreet raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Buckingham Research assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday. They set a “neutral” rating and a $33.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Gaming and Leisure Properties presently has a consensus rating of “Buy” and a consensus price target of $34.30.

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Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company’s segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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