Gaming and Leisure Properties Inc (GLPI) Declares Quarterly Dividend of $0.52
Gaming and Leisure Properties (NASDAQ:GLPI) declared a quarterly dividend on Friday, May 30th, Stock Ratings Network.com reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.52 per share on Friday, June 27th. This represents a $2.08 dividend on an annualized basis and a yield of 6.15%.
A number of research firms have recently commented on GLPI. Analysts at Citigroup Inc. raised their price target on shares of Gaming and Leisure Properties from $40.00 to $43.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. On a related note, analysts at Credit Suisse upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 14th. Finally, analysts at Morgan Stanley cut their price target on shares of Gaming and Leisure Properties from $37.00 to $36.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Gaming and Leisure Properties currently has an average rating of “Hold” and an average price target of $44.11.
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 33.84 on Friday. Gaming and Leisure Properties has a 52-week low of $33.56 and a 52-week high of $53.50. The stock has a 50-day moving average of $35.66 and a 200-day moving average of $39.77. The company has a market cap of $3.795 billion and a P/E ratio of 65.22.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.06. Analysts expect that Gaming and Leisure Properties will post $2.53 EPS for the current fiscal year.
Gaming and Leisure Properties, Inc (NASDAQ:GLPI) is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.
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