Gaming and Leisure Properties, Inc. (GLPI) To Go Ex-Dividend on December 5th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a quarterly dividend on Monday, November 24th. Investors of record on Friday, December 5th will be paid a dividend of 0.78 per share by the real estate investment trust on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, December 5th.

Gaming and Leisure Properties has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Gaming and Leisure Properties has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gaming and Leisure Properties to earn $3.98 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 78.4%.

Gaming and Leisure Properties Stock Performance

GLPI traded up $0.14 on Wednesday, hitting $43.40. The company had a trading volume of 397,616 shares, compared to its average volume of 1,683,939. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 9.50 and a beta of 0.68. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23. The company’s fifty day moving average price is $44.75 and its 200 day moving average price is $46.21. Gaming and Leisure Properties has a 1-year low of $42.26 and a 1-year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Equities analysts predict that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the completion of the transaction, the director owned 129,953 shares of the company’s stock, valued at $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.26% of the stock is owned by corporate insiders.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. Barclays PLC raised its stake in shares of Gaming and Leisure Properties by 1,525.0% in the third quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after purchasing an additional 3,785,669 shares in the last quarter. Norges Bank acquired a new stake in Gaming and Leisure Properties during the second quarter worth $175,169,000. Nuveen LLC bought a new stake in Gaming and Leisure Properties in the 1st quarter valued at $151,723,000. Balyasny Asset Management L.P. acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at $124,785,000. Finally, Invesco Ltd. raised its stake in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock valued at $229,673,000 after buying an additional 2,530,463 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.