Gaming and Leisure Properties, Inc. (GLPI) To Go Ex-Dividend on September 11th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a quarterly dividend on Monday, August 31st. Investors of record on Friday, September 11th will be paid 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 7.9%. The ex-dividend date is Friday, September 11th.

Gaming and Leisure Properties has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Gaming and Leisure Properties has a 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 Price Performance

Gaming and Leisure Properties stock opened at $41.62 on Wednesday. The stock has a market capitalization of $12.11 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.75 and a beta of 0.65. 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 current ratio of 4.74 and a quick ratio of 4.74. The firm’s 50-day moving average is $43.60 and its two-hundred day moving average is $45.76.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $430.52 million during the quarter, compared to analyst estimates of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts predict that Gaming and Leisure Properties will post 4.03 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Earl C. Shanks purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, with a total value of $422,400.00. Following the completion of the purchase, the director directly owned 107,259 shares in the company, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.11% of the company’s stock.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors have recently made changes to their positions in GLPI. SHP Wealth Management purchased a new position in shares of Gaming and Leisure Properties in the 4th quarter worth $30,000. International Assets Investment Management LLC acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at $31,000. Markowski Investments purchased a new stake in Gaming and Leisure Properties during the second quarter valued at about $35,000. Parkside Financial Bank & Trust grew its position in Gaming and Leisure Properties by 115.2% during the second quarter. Parkside Financial Bank & Trust now owns 794 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 425 shares during the period. Finally, Essential Partners LLC grew its position in Gaming and Leisure Properties by 38.2% during the first quarter. Essential Partners LLC now owns 868 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 240 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

About Gaming and Leisure Properties

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.