Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to Issue Quarterly Dividend of $0.82

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Monday, August 31st. Shareholders of record on Friday, September 11th will be given a dividend of 0.82 per share by the real estate investment trust on Friday, September 25th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, September 11th.

Gaming and Leisure Properties has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Gaming and Leisure Properties has a dividend payout ratio of 105.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gaming and Leisure Properties to earn $4.20 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 78.1%.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI traded down $0.27 during midday trading on Tuesday, reaching $41.80. 4,322,737 shares of the stock were exchanged, compared to its average volume of 2,504,448. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.78 and a beta of 0.66. Gaming and Leisure Properties has a twelve month low of $41.17 and a twelve month high of $49.95. The firm has a 50-day simple moving average of $43.99 and a two-hundred day simple moving average of $45.95. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The firm had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. During the same period in the previous year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. As a group, analysts anticipate that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.32, for a total value of $144,960.00. Following the transaction, the director owned 127,429 shares in the company, valued at $6,157,369.28. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Earl C. Shanks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average cost of $42.24 per share, for a total transaction of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. The trade was a 10.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 4.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth $30,000. International Assets Investment Management LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $31,000. Markowski Investments purchased a new position in shares of Gaming and Leisure Properties in the second quarter worth about $35,000. Essential Partners LLC lifted its stake in shares of Gaming and Leisure Properties by 38.2% in the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in Gaming and Leisure Properties during the first quarter worth about $40,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.