Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Raises Dividend to $0.82 Per Share

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 12th will be paid a dividend of 0.82 per share by the real estate investment trust on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, June 12th. This is a 5.1% increase from Gaming and Leisure Properties’s previous quarterly dividend of $0.78.

Gaming and Leisure Properties has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Gaming and Leisure Properties has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Gaming and Leisure Properties to earn $4.16 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 75.0%.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock opened at $47.22 on Thursday. The stock has a 50 day moving average of $46.75 and a two-hundred day moving average of $45.74. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties has a 12 month low of $41.17 and a 12 month high of $49.95. The company has a market capitalization of $13.38 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.05 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a return on equity of 18.06% and a net margin of 55.56%.The company had revenue of $419.99 million during the quarter, compared to the consensus estimate of $417.15 million. During the same quarter last year, the company earned $0.96 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. As a group, equities analysts expect that Gaming and Leisure Properties will post 4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on GLPI. Royal Bank Of Canada raised their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Scotiabank raised their price objective on Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $50.00 price objective on Gaming and Leisure Properties in a research report on Friday, April 24th. Mizuho raised their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

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.