Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Announces Quarterly Dividend of $0.78
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced a quarterly dividend of $0.78 per share, payable on December 19th to shareholders of record on December 5th. The dividend yield is 7.3%. The company has a payout ratio of 100% and is expected to earn $3.98 per share next year. The stock traded at $43.02 with a market cap of $12.18 billion. Recent earnings per share were $0.97, beating estimates by $0.01. Revenue for the quarter was $397.61 million, up 3.2% year-over-year.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) announced a quarterly dividend on Monday, November 24th. Shareholders of record on Friday, December 5th will be paid a dividend of 0.78 per share by the real estate investment trust on Friday, December 19th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, December 5th.
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Gaming and Leisure Properties has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Gaming and Leisure Properties has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities 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 $3.12 annual dividend with an expected future payout ratio of 78.4%.
Gaming and Leisure Properties Stock Performance
NASDAQ:GLPI traded down $0.02 during trading hours on Monday, reaching $43.02. 3,322,526 shares of the stock were exchanged, compared to its average volume of 1,672,155. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm has a 50 day simple moving average of $45.25 and a 200-day simple moving average of $46.37. Gaming and Leisure Properties has a 52 week low of $42.26 and a 52 week high of $52.27. The stock has a market capitalization of $12.18 billion, a P/E ratio of 15.59, a P/E/G ratio of 9.34 and a beta of 0.74.
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Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business had revenue of $397.61 million during the quarter, compared to analyst estimates of $399.66 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, sell-side analysts forecast that Gaming and Leisure Properties will post 3.81 earnings per share for the current fiscal year.
Gaming and Leisure Properties Company Profile
(Get Free Report)Gaming & Leisure Properties, Inc engages in the provision of 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.
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