Gaming and Leisure Properties, Inc. (GLPI)

NASDAQ: GLPI · Real-Time Price · USD
50.54
+0.29 (0.58%)
At close: Nov 20, 2024, 4:00 PM
50.63
+0.09 (0.18%)
After-hours: Nov 20, 2024, 7:16 PM EST
0.58%
Market Cap 14.28B
Revenue (ttm) 1.51B
Net Income (ttm) 778.26M
Shares Out 282.48M
EPS (ttm) 2.86
PE Ratio 17.66
Forward PE 17.11
Dividend $3.04 (6.02%)
Ex-Dividend Date Sep 13, 2024
Volume 1,127,808
Open 50.66
Previous Close 50.25
Day's Range 49.98 - 50.81
52-Week Range 41.80 - 52.60
Beta 1.00
Analysts Buy
Price Target 52.28 (+3.44%)
Earnings Date Oct 24, 2024

About GLPI

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. [Read more]

Sector Real Estate
Founded 2013
Employees 18
Stock Exchange NASDAQ
Ticker Symbol GLPI
Full Company Profile

Financial Performance

In 2023, GLPI's revenue was $1.44 billion, an increase of 9.81% compared to the previous year's $1.31 billion. Earnings were $733.85 million, an increase of 7.25%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for GLPI stock is "Buy." The 12-month stock price forecast is $52.28, which is an increase of 3.44% from the latest price.

Price Target
$52.28
(3.44% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Gaming And Leisure Properties: Growth Outlook Makes Them A Long-Term Buy

Gaming and Leisure Properties, Inc. doesn't get enough credit in my opinion. GLPI's acquisitions, including the deal with Bally's, bolster its portfolio and future growth potential. GLPI's >6% yield, ...

7 days ago - Seeking Alpha

Gaming and Leisure Properties Offers Unique Value Drivers Combined With Positive Spreads

Despite solid Q3 results and high-income potential, GLPI's relative attractiveness has decreased compared to other net lease REITs. Nevertheless, the company remains a strong pick in the net lease sec...

11 days ago - Seeking Alpha

Gaming and Leisure Properties REIT: Good Yield At A Fair Price

Gaming and Leisure Properties offers geographic diversification with exposure to the gaming industry, trading at an attractive FFO multiple and providing a strong dividend yield. GLPI's high-quality p...

15 days ago - Seeking Alpha

Beat Back Market Turbulence With These Yields Up To 9%

Election. Recession. No landing. Social unrest. Election contest. Low beta, anyone? Today we'll talk calm in a sea of manic. A six-pack of tranquil dividend payers yielding up to 8.9%.

Other symbols: CHRDGTYOHIVICI
18 days ago - Forbes

Gaming and Leisure Properties, Inc. (GLPI) Q3 2024 Earnings Call Transcript

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Joe Jaffoni - IR Peter Carlino - Chairman and CEO Desiree Burke - ...

26 days ago - Seeking Alpha

Gaming and Leisure Properties Reports Record Third Quarter 2024 Results

WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended September 30, 20...

27 days ago - GlobeNewsWire

2 New Top Picks Revealed

We have recently identified some new opportunities. Real estate businesses remain undervalued. We present 2 of our newest top picks.

Other symbols: CZRMPWOSILAVICIVNQ
6 weeks ago - Seeking Alpha

6.5 Trillion Reasons Why This 6% Dividend Will Soar

Right now, there's $6.5 trillion in cash sitting on the sidelines—and a big slice of it is about to drop straight into a select group of dividend stocks.

Other symbols: MA
7 weeks ago - Forbes

Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

WYOMISSING, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced today that the Company will release its 2024 third quarter financial results after the m...

7 weeks ago - GlobeNewsWire

Gaming And Leisure Properties Closes A Land Deal Reinforcing Its  'Buy' Rating

Gaming and Leisure Properties (GLPI) completed a $250M land acquisition in Chicago, securing an 8% cap rate, with further investments planned in partnership with Bally's Corporation. GLPI's total inve...

7 weeks ago - Seeking Alpha

Gaming and Leisure Properties Promotes Brandon Moore to Additional Role of President

WYOMISSING, Pa., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) today announced the promotion of Chief Operating Officer, Brandon Moore...

7 weeks ago - GlobeNewsWire

Gaming and Leisure Properties Closes on $250 Million Land Acquisition, the Site for Bally's Future Chicago Flagship Casino

WYOMISSING, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) (“GLPI” or “the Company”), announced today that it completed its previously announced $250 million...

2 months ago - GlobeNewsWire

Gaming and Leisure Properties, Inc. Declares Third Quarter 2024 Cash Dividend of $0.76 Per Share

WYOMISSING, Pa., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors has declared the third quar...

3 months ago - GlobeNewsWire

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...

3 months ago - Seeking Alpha

Four REIT stocks pass a strict quality screen, with dividend yields up to 6.19%

Investors can never predict the exact timing of interest-rate cuts, but many expect the Federal Open Market Committee to begin reducing the target range for the federal-funds rate on Sept. 18, followi...

Other symbols: CUBENHIVICI
3 months ago - Market Watch

3 Gaming REITs To Bet On

Experiential real estate has become popular due to the threat of e-commerce. These properties are unique and offer experiences that cannot be duplicated online. Gaming-focused REITs like Gaming and Le...

Other symbols: OVICI
3 months ago - Seeking Alpha

Gaming and Leisure Properties: Undervalued Despite Top-Tier Quarterly Results

Gaming and Leisure Properties operates in a unique gaming property sector with strong value drivers and competitive advantages. GLPI delivered strong Q2 2024 results with top-tier business metrics and...

3 months ago - Seeking Alpha

Cash Cows: 9 High-Yield REITs With Safe Dividends

High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...

Other symbols: APLEBHRBNLBXPCIODOCEPR
3 months ago - Seeking Alpha

Gaming and Leisure Properties Announces Pricing of $800,000,000 of 5.625% Senior Notes Due 2034 and $400,000,000 of 6.250% Senior Notes Due 2054

WYOMISSING, Pa,, July 30, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $1,200,000,000 aggregate principal am...

4 months ago - GlobeNewsWire

Gaming and Leisure Properties, Inc. (GLPI) Q2 2024 Earnings Call Transcript

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Q2 2024 Earnings Call Transcript July 26, 2024 10:00 AM ET Company Participants Joe Jaffoni - IR Peter Carlino - Chairman and CEO Desiree Burke - CFO...

4 months ago - Seeking Alpha

Gaming and Leisure Properties Reports Record Second Quarter 2024 Results and Increases 2024 Full Year Guidance

WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended June 30, 2024.

4 months ago - GlobeNewsWire

Gaming And Leisure Properties Creates More Value Than VICI Properties In The Current Environment

Both GLPI and VICI generate an investment spread above their cost of capital.  However, GLPI generates a wider spread (103 bps) than VICI (17 bps). Both REITs are priced within a range of fair value a...

4 months ago - Seeking Alpha

Good News For Gaming And Leisure Properties

GLPI signed a term sheet for a $1.585b investment volume and its purchase option adjustment. The transaction is subject to several conditions and hasn't been closed yet. Nevertheless, the fundamental ...

4 months ago - Seeking Alpha

REITs Rip As Rates Retreat

U.S. equity markets climbed to record highs, while benchmark interest rates dipped to four-month lows as investors rotated from high-flying growth stocks into beaten-down value names following a coole...

4 months ago - Seeking Alpha

Bally's Secures Funding Commitment that Aggregates $2.07 Billion from Gaming and Leisure Properties

PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) ("Bally's”) today announced it has entered into a binding term sheet for a strategic construction and financing arrangement with Gam...

Other symbols: BALY
4 months ago - Business Wire