Thursday, February 16, 2023 2:03 AM EST
Photo by Kvnga on Unsplash
Gaming And Leisure Properties Inc bears the ticker symbol GLPI, and this is my first mention of GLPI for this new Viking Portfolio however I did select GLPI as the 26th pick for the seventh of my previous seven dog of the week folios.
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Gaming and Leisure Properties Inc, or GLP, 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, or Penn, throughout the U.S.
GLP 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 GLP.
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The company has paid dividends since 2014 and is headquartered in Wyomissing, PA
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Three key data points gauge Gaming And Leisure Properties Inc, or any dividend-paying firm:
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(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
Gaming And Leisure Properties Inc price per share was $53.24 at Wednesday’s market close. In the past year, GLPI share price increased by $9.09, or about 20.06%.
If GLPI stock trades in the range of $40.00 to $60.00 this next year, its recent $53.24 share price might reach $56.00 by next year. That upside estimate of $2.76 is about $0.03 below the median of one year target prices from 15 analysts.
GLPI Dividends
Gaming And Leisure most recent quarterly dividend of $0.705 casts a forward annual yield of 5.3%.
GLPI Returns
Adding the $2.82 annual estimated
Gaming And Leisure dividend to the one-year price upside estimate of $2.76 reveals a $5.58 potential gross gain estimate per share.
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At Wednesday’s $53.24 closing price, a little over $1000 would buy 19 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.53 per share.
Subtract that maybe $0.53 brokerage cost from my estimated $5.58 gross gain makes a net gain of $5.05 X 19 shares = $95.95 for a 9.5% net gain including the 5.3% annual dividend yield.
In the next year our $1K investment in shares of Gaming And Leisure Properties Inc could generate $53.00 in cash dividends. Unhappily, a single share of GPI stock at Wednesday’s $53.24 price is $0.24 greater than the estimated annual dividend income from our $1000.00 investment.
So, by my dogcatcher ideal, this is NOT the proper time to buy Gaming And Leisure Properties Inc shares, based on their dividends for 2023. The current dividend from $1K invested is 0.24% lower than the GLPIsingle share price. Consider yourself alerted.
Wait for GLPI price per share to drop below $53.00
All of the estimates above are speculation based on the past history of investment in shares of Gaming And Leisure Properties Inc. Only time and money invested in this stock will determine its future market value.
More By This Author:
Stock Analysis: Realty Income
Stock Analysis: Armada Hoffler Properties
Current Report: SL Green Realty Corp (SLG)
Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same.
Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts.
Catch Your Underdog Daily Dividend on Facebook!
The night before every NYSE trading day on Facebook/ Dividend Dog Catcher Fredrik Arnold usually does a quick live video summary of one stock contending for a weekly slot on his new Viking portfolio.
Last night Arnold followed this script on his Underdog Daily Dividend Show!
Always remember: Root for the Underdog.
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