Make Sure You Stick With Gaming and Leisure Properties Inc (GLPI). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2024 Guidance and Announces 2024 First Quarter Dividend of $0.76 Per Share.

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Stocks Info

Gaming and Leisure Properties Inc is listed on the NASDAQ in the Real Estate sector while operating in the REIT – Specialty industry. The current market capitalization of Gaming and Leisure Properties Inc is $12.12B. A total of 1.22 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GLPI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 3,589 shares during that period but sold 0.

In the most recent transaction, Moore Brandon John sold 26,623 shares of GLPI for 48.89 per share on Jan 04. After the transaction, the COO, Gen Counsel & Sec now owns 242,414 company shares. In a previous transaction on Jan 04, Demchyk Matthew sold 25,391 shares at 48.87 per share. GLPI shares that SVP, Chief Investment Officer owns now total 57,976.

Among the insiders who sold shares, Ladany Steven disposed of 14,260 shares on Jan 04 at a per-share price of $48.89. This resulted in the SVP Chief Development Officer holding 82,402 shares of GLPI after the transaction. In another insider transaction, Burke Desiree A. sold 11,372 shares at $48.87 per share on Jan 04. Company shares held by the CFO and Treasurer now total 136,338.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Gaming and Leisure Properties Inc pays an annual dividend of $3.15, resulting in a dividend yield of 6.94%, and it has a price to earnings (P/E) ratio of 16.40. GLPI’s most recent ex-dividend date was 3/14/2024 when it declared a $0.76 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/22/2023 with an ex-dividend date of 12/7/2023. The GLPI stock dividend was $0.73 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GLPI has a high of $54.88 and a low of $43.54.

As of this writing, GLPI has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.66. The company reported an EPS of $0.7 in the last quarter, which was 1.40% higher than expectations of $0.69.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GLPI’s latest balance sheet shows that the firm has $724.60M in Cash & Short Term Investments as of fiscal 2021. There were $6.79B in debt and $471.22M in liabilities at the time. Its Book Value Per Share was $15.34, while its Total Shareholder’s Equity was $3.39B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLPI is Buy with a score of 3.95.

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