Gaming and Leisure Properties Inc Declares Quarterly Dividend of $0.52 (GLPI)
Gaming and Leisure Properties (NASDAQ:GLPI) announced a quarterly dividend on Wednesday, September 3rd, Analyst Ratings News reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.52 per share on Friday, September 26th. This represents a $2.08 annualized dividend and a dividend yield of 6.26%.
A number of analysts have recently weighed in on GLPI shares. Analysts at Zacks upgraded shares of Gaming and Leisure Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $35.30 price target on the stock. On a related note, analysts at Telsey Advisory Group cut their price target on shares of Gaming and Leisure Properties from $41.00 to $38.00 in a research note on Tuesday, July 29th. They now have a “not rated” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Gaming and Leisure Properties in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Gaming and Leisure Properties presently has an average rating of “Hold” and an average price target of $42.72.
Gaming and Leisure Properties (NASDAQ:GLPI) traded down 0.42% on Wednesday, hitting $33.22. 865,044 shares of the company’s stock traded hands. Gaming and Leisure Properties has a 52-week low of $32.18 and a 52-week high of $53.50. The stock’s 50-day moving average is $34.09 and its 200-day moving average is $35.29. The company has a market cap of $3.732 billion and a price-to-earnings ratio of 37.78.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $161.53 million. Gaming and Leisure Properties’s revenue was up 44.9% compared to the same quarter last year. Analysts expect that Gaming and Leisure Properties will post $2.56 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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