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Gaming and Leisure Properties Inc, (GLPI) is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming (PENN) throughout the U.S.

GLPI segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest.

Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions.

Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLPI.

Gaming and Leisure Properties, Inc. was spun off from Penn National Gaming on November 1, 2013 and is headquartered in Wyomissing, PA. We last reported on GLPI in February.

Three key data points gauge Gaming and Leisure Properties Inc, or any dividend-paying firm:  (1) Price (2) Dividends (3) Returns.

Those three basic keys best tell whether any company has made, is making, and will make money.

GLPI Price

Over the past year, GLPI share price rose about 3.5% from $46.82 in 2022 to $48.46 as of Friday’s market close [it spent much of the year over $50, though].

If GLPI stock trades in the range of $40.00 to $60.00 this next year, its recent $48.46 share price might rise to $50.50 by next year. Of course, GLPI’s price could drop about the same $2.04 amount, or more.

My upside estimate of $2.04 is $6.28 below the median of annual target price estimates from eighteen analysts covering the stock for brokers.

GLPI Dividend

Gaming and Leisure Properties Inc’s recent $0.72 variable quarterly dividend, paid June 30th to shareholders of record June 15th, equates to $2.88 annually and throws a yield of 5.94% as of Friday’s closing price.

GLPI Returns

Adding the $2.88 anticipated annual dividend to GLPI’s $2.04 price upside reveals a $4.92 potential gross gain per share for the coming year.

At Thursday’s $48.46 closing price, a little over $1000 would buy 21 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.48 per share.

Subtracting that maybe $0.48 brokerage cost from my estimated $4.92 gross gain per share makes a net gain amounting to $4.44 X 21 shares = $93.24 for a 9.25% net gain.

This may be the time to pounce on GLPI. But beware, its dividend is variable and its price is sort of low, but is priced at just $6.67 below the stock’s all time high of $55.13 posted March 3, 2023.

The foregoing article is based on past history of Gaming and Leisure Properties Inc. The only accurate measure of future performance is from active investment in the company.

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