Gaming and Leisure Properties, Inc. (GLPI) to Issue Quarterly Dividend of $0.78 on September 26th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.78 per share by the real estate investment trust on Friday, September 26th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, September 12th.

Gaming and Leisure Properties has a dividend payout ratio of 97.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 $3.04 annual dividend with an expected future payout ratio of 76.4%.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $48.10 on Wednesday. Gaming and Leisure Properties has a one year low of $44.48 and a one year high of $52.60. The company has a market cap of $13.61 billion, a PE ratio of 18.64, a P/E/G ratio of 10.42 and a beta of 0.73. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The business has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $47.77.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The company had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities research analysts forecast that Gaming and Leisure Properties will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total value of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares of the company’s stock, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.26% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several large investors have recently modified their holdings of the stock. Alpine Bank Wealth Management acquired a new position in Gaming and Leisure Properties during the 1st quarter valued at approximately $26,000. TD Private Client Wealth LLC raised its position in shares of Gaming and Leisure Properties by 64.2% during the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 213 shares during the period. Private Trust Co. NA acquired a new stake in shares of Gaming and Leisure Properties during the first quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $30,000. Finally, Cullen Frost Bankers Inc. raised its position in Gaming and Leisure Properties by 1,872.7% during the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 618 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

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.