Gaming and Leisure Properties, Inc. (GLPI) To Go Ex-Dividend on March 14th

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.76 per share by the real estate investment trust on Friday, March 28th. This represents a $3.04 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, March 14th.

Gaming and Leisure Properties has increased its dividend payment by an average of 4.1% per year over the last three years. Gaming and Leisure Properties has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Up 0.1 %

GLPI stock opened at $50.67 on Wednesday. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The business’s 50-day moving average is $48.64 and its two-hundred day moving average is $49.81. Gaming and Leisure Properties has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $389.62 million for the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. As a group, analysts forecast that Gaming and Leisure Properties will post 3.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank of Canada lowered their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Barclays lowered their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. Finally, Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.96.

Insider Transactions at Gaming and Leisure Properties

In related news, COO Brandon John Moore sold 3,982 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. This represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk sold 1,138 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $50.45, for a total value of $57,412.10. Following the completion of the transaction, the senior vice president now directly owns 53,002 shares in the company, valued at $2,673,950.90. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,064 shares of company stock valued at $2,778,908 in the last ninety days. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in 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.