GLPI - Gaming and Leisure Properties, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
44.61
-1.73 (-3.73%)
At close: 4:00PM EST

44.59 -0.02 (-0.04%)
After hours: 4:11PM EST

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Previous Close46.34
Open45.27
Bid43.63 x 1400
Ask46.83 x 900
Day's Range43.22 - 45.72
52 Week Range35.39 - 50.99
Volume2,200,233
Avg. Volume930,195
Market Cap9.596B
Beta (5Y Monthly)0.61
PE Ratio (TTM)24.63
EPS (TTM)1.81
Earnings DateMay 03, 2020 - May 07, 2020
Forward Dividend & Yield2.80 (6.04%)
Ex-Dividend DateMar 04, 2020
1y Target Est49.27
  • Gaming and Leisure Properties, Inc. Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    Gaming and Leisure Properties, Inc. Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

    Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) came out with its annual results last week, and we wanted to see how...

  • GlobeNewswire

    Gaming and Leisure Properties, Inc. Declares First Quarter 2020 Cash Dividend of $0.70 Per Share

    Gaming and Leisure Properties, Inc. (GLPI) (the “Company”), announced today that at its meeting yesterday, the Company’s Board of Directors declared the first quarter 2020 cash dividend of $0.70 per share of its common stock. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

  • Gaming and Leisure Properties (GLPI) Meets Q4 FFO Estimates
    Zacks

    Gaming and Leisure Properties (GLPI) Meets Q4 FFO Estimates

    Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 0.00% and 0.34%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2019 Results

    WYOMISSING, Pa., Feb. 20, 2020 -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced results for the quarter ended December 31, 2019..

  • Gaming and Leisure Properties' (GLPI) Q4 Earnings Preview
    Zacks

    Gaming and Leisure Properties' (GLPI) Q4 Earnings Preview

    Gaming and Leisure Properties (GLPI) is expected to have generated stable cash flow from triple-net master leases and benefited from interest-rate savings from refinancing in Q4.

  • What Did Gaming and Leisure Properties, Inc.'s (NASDAQ:GLPI) CEO Take Home Last Year?
    Simply Wall St.

    What Did Gaming and Leisure Properties, Inc.'s (NASDAQ:GLPI) CEO Take Home Last Year?

    Peter Carlino has been the CEO of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) since 2013. First, this article...

  • 3 “Strong Buy” Dividend Stocks Yielding At Least 6%
    TipRanks

    3 “Strong Buy” Dividend Stocks Yielding At Least 6%

    After hefty gains in 2019, when the S&P 500 added 29%, most analysts are predicting that markets will show decidedly more modest gains in 2020. The consensus view is, that stocks will appreciate between 3% and 5% in the coming year. While it’s not a gloomy picture, it does mean that investors will need to look outside of share prices for strong returns.This will naturally pull many investors right into dividend stocks. The reasons are simple. Interest rates are low, after 3 Fed cuts in 2019 brought them down to just 1.5% to 1.75%. With the Fed’s key rate pared so far back, Treasury bond yields are also low, holding between 1.5% and 2%. Among S&P listed companies, the average dividend yield of 2% still beats interest rates and bond returns. And remember: there is no ceiling on dividend yields.We’ve used TipRanks’ Stock Screener tool to seek out small- and mid-cap stocks with high dividends – that is, with yields exceeding 6%. To narrow it further, we looked only at stocks with ‘Strong Buy’ consensus ratings. TipRanks has a database encompassing over 6,500 stocks; our search parameters narrowed that down to 30. Here is the low-down on three of those.Hess Midstream Operations (HESM)The energy industry, especially the crude oil and natural gas extraction activities, has given a turbo boost to the US economy in recent years. Providing jobs and energy at the wellheads, in the midstream, and at the customer’s point of purchase, energy products also provide the fuel of our daily lives.Hess Midstream provides infrastructure system for oil companies in the Bakken Shale of North Dakota and Montana. The company owns a variety of assets, including crude oil, natural gas, and water gathering pipelines, pipeline and rail line terminal facilities, and natural gas plants.Last month, Hess completed an organization change that marked its transition from a small-cap limited partner to a mid-cap independent midstream operator. The company conducted a merger between the midstream operator branch and the corporate partnership. In short, Hess Midstream Partners successfully acquired Hess Infrastructure Partners. The HESM ticker inherited HIP’s market history. Shares are up 15% since the December 16 announcement.The company didn’t just reorganize and simply its partnership – it also maintained its lucrative dividend. HESM currently pays out 41 cents per quarter, and has raised that dividend payment every quarter since August 2017. At $1.64 annualized, the dividend gives a yield of 6.91%, well over triple the average in the broader market.Writing from Credit Suisse, market analyst Spiro Dounis says of final quarter projections, “We expect sequentially higher results, largely driven by volume ramp on LM4 and continued strength in Tioga volumes as spare capacity is backfilled with third-party volumes.” He adds that, “This should be a noisy accounting quarter with HESM reporting consolidated results for the first time following the close of the HIP acquisition on December 16.”Dounis is upbeat about HESM, and gives the stock a $26 price target, indicating room for 10% growth to the upside. (To watch Dounis’ track record, click here)HESM has built its Strong Buy consensus rating on solid performance which has attracted 3 "buy" ratings in the last three months, as opposed to only 1 "hold." This stock is selling for $23.91, so the $26.50 average price target implies an upside of ~11%. (See Hess Midstream stock analysis at TipRanks)Summit Hotel Properties (INN)Next on our list is a Real Estate Investment Trust, a natural stock to consider when looking for high dividends. REITs are holding companies for properties, and derive their earnings and profits from management fees and rents. Summit owns 73 non-food service hotels around the United States, with over 10,000 rooms available, serving middle and upscale customers.Last spring, Summit announced a sale of six hotels, in various locations around the country and under several different brands and totaling over 800 guest rooms, for a total of $135 million – netting the company a profit of $36.6 million. The sale of the six hotels was part of a capital improvement plan, and net proceeds were used to pay down debt carried on the company’s revolving credit facility. Summit currently has access to $395 million in credit.A strong credit line is not the only strength to INN shares. The stock gained 35% in 2019. And, Summit complies with US tax codes that require REITs to return profits to shareholders – by paying out a generous dividend. The 18 cents per share paid out quarterly annualizes to 72 cents, but even better, implies a yield of 6.2%. INN pays out a dividend three times higher than the S&P average.5-star analyst Wes Golladay, from RBC Capital, is impressed with Summit’s management. He writes of the stock, “We like INN's platform as the company has been able extract value at the property level including implementing ideas that were a first for the hotel brand. We remain impressed with the asset recycling, which improves what we believe is already a high-quality portfolio.”Golladay puts a Buy rating on INN, and his $13 price target implies an upside of 12%. (To watch Golladay’s track record, click here)Summit’s Strong Buy consensus rating is unanimous, based on 3 Buy ratings recently given. The $11.62 trading price is a bargain, considering the high dividend return, and the $13.50 average price target suggests an upside potential of 16%. (See Summit stock analysis at TipRanks)Gaming and Leisure Properties (GLPI)The third company on today’s list is another REIT, this one specializing in casino properties. Pennsylvania-based Gaming and Leisure owns 43 casino properties, and operates 2 of them directly. The company is also involved in the mortgage financing of 2 additional casino properties. Casino gaming is both popular and lucrative, and GLPI shares have been gaining steadily for the past five years.Momentum is on GLPI’s side in other ways, too. The company has beaten EPS forecasts in each of the last four quarters, and the upcoming Q4 2019 report is expected to show 85 cents per share in bottom line earnings. That’s 1-cent higher than the year-ago number.High earnings make this REIT’s high dividend easily sustainable. GLPI pays out 70 cents per quarter, which the earnings, at over 80 cents, can readily fund. The annualized payment of $2.80 gives the dividend a yield of 6.05%. GLPI has been raising the dividend periodically for the past five years.Carlo Santarelli, 5-star analyst with Deutsche Bank, took a bullish stance on this stock recently, but strong share appreciation has pushed the stock value right up to his price target. Santarelli pointed out several points supporting optimism: “1) GLPI shares have broadly outperformed gaming triple net peers, which is generally a fairly good place to start when arguing for change, 2) GLPI governance is strong, 3) GLPI’s historical deal activity has been best of breed in terms of accretion generated on a deal by deal basis…”Santarelli’s price target of $46 may be obsolete, as the stock has a current price of $46.31. His rating here is, of course, a Buy. (To watch Santarelli’s track record, click here)With 5 recent Buy ratings, and only 1 Hold, GLPI gets a Strong Buy from the analyst consensus. As noted, shares are selling for $46.31 after rapid gains in recent weeks. This price is just a shade below the current average price target of $46.58, suggesting a mere 0.59% upside. Expect analysts to recalibrate their price targets here in coming weeks. (See Gaming and Leisure stock analysis at TipRanks)

  • GlobeNewswire

    Gaming and Leisure Properties Inc. Announces 2019 Distribution Tax Treatment

    WYOMISSING, Pa., Jan. 23, 2020 -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“the Company”) announced the income tax allocation for federal income tax purposes of its.

  • GlobeNewswire

    Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2019 Earnings Release and Conference Call

    Gaming and Leisure Properties, Inc. (GLPI) today announced that the Company will release its 2019 fourth quarter financial results after the market close on Thursday, February 20, 2020. The Company will host a conference call at 10:00 a.m. ET on Friday, February 21, 2020. During the conference call, Peter M. Carlino, Chairman and Chief Executive Officer, and Steven T. Snyder, Senior Vice President, Chief Financial Officer, will review the quarter’s results and performance, discuss recent events and conduct a question-and-answer period.

  • 2020 Could be a Great Year for REITs: 5 Stocks to Buy Now
    Zacks

    2020 Could be a Great Year for REITs: 5 Stocks to Buy Now

    REITs have scope to excel in 2020, with economic indicators still holding well and a number of underlying asset categories displaying favorable market fundamentals.

  • How Trading Your Own Retirement Can Fleece Your Financial Future - December 27, 2019
    Zacks

    How Trading Your Own Retirement Can Fleece Your Financial Future - December 27, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • GlobeNewswire

    Gaming and Leisure Properties, Inc. Appoints Carol Lynton to Board of Directors

    The appointment follows Gaming and Leisure Properties’ disclosure in its April 30, 2019 Proxy Statement that the Nominating and Corporate Governance Committee of the Board was working with an executive search firm to identify and appoint a new member of the Board of Directors to diversify the board’s composition as it relates to gender, race, ethnicity and age diversity. The appointment of Ms. Lynton to the board of directors brings the total number of directors to seven, six of which are independent members. Ms. Lynton is the co–founder and operating partner of The Dinex Group, which operates 17 Daniel Boulud branded restaurants.

  • How Did Gaming and Leisure Properties Inc (GLPI) Compare Against Hedge Fund Darlings in 2019?
    Insider Monkey

    How Did Gaming and Leisure Properties Inc (GLPI) Compare Against Hedge Fund Darlings in 2019?

    Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]

  • Boasting A 15% Return On Equity, Is Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) A Top Quality Stock?
    Simply Wall St.

    Boasting A 15% Return On Equity, Is Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) A Top Quality Stock?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Powerful Proof Anyone Can Invest for an Early Retirement - December 19, 2019
    Zacks

    Powerful Proof Anyone Can Invest for an Early Retirement - December 19, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • The Extreme Risks of Trading Your Own Retirement Assets - December 18, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - December 18, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

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  • Powerful Proof Anyone Can Invest for an Early Retirement - December 11, 2019
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    Powerful Proof Anyone Can Invest for an Early Retirement - December 11, 2019

    Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.

  • Top Ranked Income Stocks to Buy for December 11th
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    Top Ranked Income Stocks to Buy for December 11th

    Top Ranked Income Stocks to Buy for December 11th

  • The Extreme Risks of Trading Your Own Retirement Assets - December 10, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - December 10, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Tesla, Eldorado Resorts, Dick's Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day
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    Tesla, Eldorado Resorts, Dick's Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day

    Tesla, Eldorado Resorts, Dick???s Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day

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    The stock market rallied Friday as the strong jobs data sent the Dow up over 330 points and the S&P 500 climbed 0.91%.

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  • Industrial Logistics Properties Trust (ILPT) Catches Eye: Stock Jumps 5.3%
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    Industrial Logistics Properties Trust (ILPT) Catches Eye: Stock Jumps 5.3%

    Industrial Logistics Properties Trust (ILPT) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.