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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Monday, August 31st. Stockholders 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) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date 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 raised its dividend every year for the last 2 years. Gaming and Leisure Properties has a payout ratio of 105.1% indicating that 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 Price Performance

Shares of GLPI stock traded down $0.27 during trading hours on Tuesday, reaching $41.80. The company had a trading volume of 4,322,737 shares, compared to its average volume of 2,504,448. Gaming and Leisure Properties has a 12-month low of $41.17 and a 12-month high of $49.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.78 and a beta of 0.66. The stock has a fifty day moving average of $43.99 and a 200-day moving average of $45.95.

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

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.