Gaming and Leisure PropertiesGLPI
GLPI
About: Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust whose primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The GLPI's portfolio consisted of interests in sixty one gaming and related facilities, the real property associated with thirty four gaming and related facilities operated by PENN, the real property associated with six gaming and related facilities operated by Caesars Entertainment Corporation.
Employees: 18
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
867% more call options, than puts
Call options by funds: $67.6M | Put options by funds: $6.99M
42% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 159
32% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 56
16% more capital invested
Capital invested by funds: $11.2B [Q2] → $12.9B (+$1.77B) [Q3]
3% more funds holding
Funds holding: 521 [Q2] → 539 (+18) [Q3]
0.54% more ownership
Funds ownership: 91.14% [Q2] → 91.68% (+0.54%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$51
8%
upside
Avg. target
$54
15%
upside
High target
$58
22%
upside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
JMP Securities Mitch Germain 53% 1-year accuracy 18 / 34 met price target | 17%upside $55 | Market Outperform Reiterated | 18 Dec 2024 |
Barclays Richard Hightower 25% 1-year accuracy 2 / 8 met price target | 16%upside $55 | Equal-Weight Initiated | 17 Dec 2024 |
JP Morgan Joseph Greff 31% 1-year accuracy 9 / 29 met price target | 15%upside $54 | Overweight Upgraded | 13 Dec 2024 |
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target | 22%upside $58 | Buy Maintained | 26 Nov 2024 |
Deutsche Bank Carlo Santarelli 64% 1-year accuracy 7 / 11 met price target | 15%upside $54 | Buy Upgraded | 20 Nov 2024 |
Financial journalist opinion
Based on 5 articles about GLPI published over the past 30 days
Positive
Seeking Alpha
1 day ago
Buy The Dip Opportunities: VICI Properties Vs Gaming And Leisure Properties
The gaming property sector, represented by VICI and GLPI, offers unique value drivers like mission-critical properties, immunity to secular threats, focus on triple net leases, and outstanding negotiating position. Both REITs feature a 100% occupancy rate, outstandingly long lease terms and above-average rent escalators, setting them apart from other net lease REITs. VICI is deemed a 'strong buy' due to its higher DPS growth, trophy asset portfolio, and more attractive valuation, while GLPI is considered a 'buy'.
Positive
Seeking Alpha
4 days ago
2 REITs To Add To Your Christmas List And When To Buy For A Margin Of Safety
Agree Realty and VICI Properties are high-quality REITs with strong fundamentals and impressive total returns, but currently offer little margin of safety due to their run-up in share prices. Investing with a margin of safety helps manage market volatility; for example, my cost basis of $53 for Realty Income has helped me stomach volatility and the stock's underperformance. I recommend assigning stocks specific roles in your portfolio; for example, Starwood Property for stable dividends, PepsiCo for moderate growth, and Visa for high growth, balancing income and growth.
Neutral
Business Wire
4 days ago
Bally's Completes Previously Announced Sale Lease-Back of Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties
PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY and BALY.T) ("Bally's”) today announced that it has completed the previously announced sale lease-back of certain real property interests underlying Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) in a transaction valued at $395 million in the aggregate, inclusive of $7 million in LP units and $388 million in cash. The sale lease-back consideration includes approximately.
Positive
Seeking Alpha
2 weeks ago
5 Relatively Secure And Cheap Dividend Stocks For December 2024: Yields Up To 9%
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.28%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
Neutral
GlobeNewsWire
3 weeks ago
Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2024 Cash Dividend of $0.76 per Share
WYOMISSING, Pa., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that the Company's Board of Directors has declared the fourth quarter 2024 cash dividend of $0.76 per share of its common stock. The dividend is payable on December 20, 2024 to shareholders of record on December 6, 2024. The fourth quarter 2023 cash dividend was $0.73 per share of the Company's common stock.
Positive
Seeking Alpha
1 month ago
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, attractive valuation, and solid balance sheet make it a compelling buy.
Positive
Seeking Alpha
1 month ago
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 sector, thanks to its attractive valuation and unique value drivers. GLPI's disciplined capital investment approach and strategic acquisitions have driven impressive investment spreads and long-term shareholder value.
Positive
Seeking Alpha
1 month ago
5 Relatively Secure And Cheap Dividend Stocks - November 2024: Yields Up To 9%
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
Positive
Seeking Alpha
1 month ago
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 portfolio spans 65 properties in 20 states, with major partners like Penn and Caesars, despite their high debt levels. The REIT benefits from long-term lease agreements, stable financials, and a 6.05% dividend yield, making it appealing for income investors.
Positive
Forbes
1 month ago
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%.
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