why is glpi stock dropping

by Angus Batz Published 3 years ago Updated 2 years ago

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last month. GLPI completed the $150 million acquisition of 2 BALY properties on 4/1. The annual rent it $12 million--thus a cap rate of 12.5 or an 8% return, I don't find this particularly ...

Is GLPI stock a good buy?

The financial health and growth prospects of GLPI, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.

Is GLPI a buy or sell?

Out of 8 analysts, 5 (62.5%) are recommending GLPI as a Strong Buy, 0 (0%) are recommending GLPI as a Buy, 2 (25%) are recommending GLPI as a Hold, 1 (12.5%) are recommending GLPI as a Sell, and 0 (0%) are recommending GLPI as a Strong Sell. What is GLPI's earnings growth forecast for 2022-2024?

Is gaming and leisure properties a good stock?

Gaming and Leisure Properties has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.

Who owns gaming and leisure properties?

Penn National Gaming, Inc.

Gaming and Leisure Properties, Inc. (the “Company” or “GLPI”) is a self-administered and self-managed Pennsylvania REIT that was incorporated on February 13, 2013 as a wholly-owned subsidiary of Penn National Gaming, Inc. (“Penn”).

Is Glpi a good dividend stock?

GLPI's annual dividend yield is 6.62%. GAMING & LEISURE PROPERTIES's dividend is higher than the US industry average of 4.47%, and it is higher than the US market average of 3.42%.

Is Glpi a REIT?

Gaming and Leisure Properties, Inc. is the first gaming real estate-focused REIT. GLPI's primary business consists of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements.

What properties does Glpi own?

In May 2017, GLPI purchased the real estate assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $83 million, while Penn National simultaneously acquired their operating assets. In October 2018, the company acquired the real estate of five casinos from Tropicana Entertainment for $964 million.

Who owns the casinos in Blackhawk?

Pinnacle Entertainment Inc. (NYSE: PNK) announced Friday that it's agreed to buy Ameristar Casinos Inc. (Nasdaq: ASCA) for $869 million. Ameristar Casinos owns the Ameristar Black Hawk, the 33-story, 536-room hotel in the state's largest gambling town.Dec 21, 2012

Who owns the M Resort Las Vegas?

Gaming and Leisure Properties

M Resort Spa Casino / Owner

Who owns Casino Queen East St Louis?

Gaming and Leisure Properties

Casino Queen
Opening date	June 23, 1993
Total gaming space	38,000 sq ft (3,500 m²)
Casino type	Riverboat
Owner	Gaming and Leisure Properties

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Is Gaming and Leisure Properties a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gaming and Leisure Properties in the last year. There are currently 1 sel...

How has Gaming and Leisure Properties' stock been impacted by COVID-19 (Coronavirus)?

Gaming and Leisure Properties' stock was trading at $39.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the...

When is Gaming and Leisure Properties' next earnings date?

Gaming and Leisure Properties is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings foreca...

How were Gaming and Leisure Properties' earnings last quarter?

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) posted its quarterly earnings data on Wednesday, February, 23rd. The real estate investment trust...

How often does Gaming and Leisure Properties pay dividends? What is the dividend yield for Gaming and Leisure Properties?

Gaming and Leisure Properties announced a quarterly dividend on Thursday, February 24th. Investors of record on Friday, March 11th will be paid a d...

Is Gaming and Leisure Properties a good dividend stock?

Gaming and Leisure Properties pays an annual dividend of $2.76 per share and currently has a dividend yield of 6.18%. GLPI has a dividend yield hig...

What price target have analysts set for GLPI?

12 analysts have issued 12 month price objectives for Gaming and Leisure Properties' shares. Their forecasts range from $47.00 to $55.00. On averag...

Who are Gaming and Leisure Properties' key executives?

Gaming and Leisure Properties' management team includes the following people: Peter M. Carlino , Chairman, President & Chief Executive Officer Br...

Who are some of Gaming and Leisure Properties' key competitors?

Some companies that are related to Gaming and Leisure Properties include Welltower (WELL) , Realty Income (O) , Digital Realty Trust (DLR) , SB...

Who sold GLPi stock?

Is GLPI a dividend payer?

GLPI stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., and Raymond James Trust N.A.. Company insiders that have sold Gaming and Leisure Properties company stock in the last year include Brandon John Moore, Desiree A Burke, Matthew Demchyk, and Steven Ladany.

When is Gaming and Leisure Properties next earnings announcement?

GLPI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Gaming and Leisure Properties does not yet have a strong track record of dividend growth. The dividend payout ratio of Gaming and Leisure Properties is 77.68%.

Why is the payout ratio above 75% not desirable?

When is Gaming and Leisure Properties' next earnings date? Gaming and Leisure Properties is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021. View our earnings forecast for Gaming and Leisure Properties.

What is the payout ratio of gaming and leisure properties?

Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Gaming and Leisure Properties will have a dividend payout ratio of 78.13% in the coming year. This indicates that Gaming and Leisure Properties may not be able to sustain their current dividend.

Fort Pitt Capital Group, Llc Buys GXO Logistics Inc, Broadcom Inc, Schwab Emerging Markets ..

Gaming and Leisure Properties does not yet have a strong track record of dividend growth. The dividend payout ratio of Gaming and Leisure Properties is 77.68%. Payout ratios above 75% are not desirable because they may not be sustainable.

VAUGHAN & Co SECURITIES, INC. Buys ISHARES TRUST, Gaming and Leisure Properties Inc, VICI ..

Investment company Fort Pitt Capital Group, Llc (Current Portfolio) buys GXO Logistics Inc, Broadcom Inc, Schwab Emerging Markets Equity ETF, The Walt Disney Co, Baxter International Inc, sells RPM International Inc, Westinghouse Air Brake Technologies Corp, Loews Corp, Cognizant Technology Solutions Corp, Vanguard Total Stock Market ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Fort Pitt Capital Group, Llc..

Top Dividend Stocks for February 2022

Investment company VAUGHAN & Co SECURITIES, INC.

Spirit Of America Management Corp Buys Crown Castle International Corp, Public Storage, Gaming ..

These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for February.

Why Is Everyone Talking About Gaming and Leisure Properties?

Investment company Spirit Of America Management Corp (Current Portfolio) buys Crown Castle International Corp, Public Storage, Gaming and Leisure Properties Inc, DCP Midstream LP, Gladstone Commercial Corp, sells , Phillips 66, Visa Inc, Comcast Corp, Mastercard Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Spirit Of America Management Corp..

Changes coming to Live! Casino Pittsburgh in Westmoreland

The casino REIT continues to find attractive growth opportunities in the gaming space and looks to broaden its scope.

Prudential Investment Portfolios 12 Buys Federal Realty Investment Trust, American Campus ..

Following a deal between The Cordish Cos., which operates Live! Casino Pittsburgh, and Gaming and Leisure Properties Inc., which is expected to acquire the casino, changes are coming to the Westmoreland casino.

Alexander's (ALX) Lags Q4 FFO and Revenue Estimates

Investment company Prudential Investment Portfolios 12 (Current Portfolio) buys Federal Realty Investment Trust, American Campus Communities Inc, Spirit Realty Capital Inc, CubeSmart, EPR Properties, sells Regency Centers Corp, National Retail Properties Inc, Columbia Property Trust Inc, Urban Edge Properties, First Industrial Realty Trust Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Prudential Investment Portfolios 12..

RKL Wealth Management LLC Buys Eli Lilly and Co, Gaming and Leisure Properties Inc, Merck Inc, ..

Alexander's (ALX) delivered FFO and revenue surprises of -1.40% and 0.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Ninepoint Partners LP Buys Crescent Point Energy Corp, Enerplus Corp, iShares iBoxx USD High ..

Investment company RKL Wealth Management LLC (Current Portfolio) buys Eli Lilly and Co, Gaming and Leisure Properties Inc, Merck Inc, sells Truist Financial Corp, Marsh & McLennan Inc, Kyndryl Holdings Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, RKL Wealth Management LLC.

Summary

Investment company Ninepoint Partners LP (Current Portfolio) buys Crescent Point Energy Corp, Enerplus Corp, iShares iBoxx USD High Yield Corporate Bond ETF, Switch Inc, Union Pacific Corp, sells Suncor Energy Inc, Cenovus Energy Inc, Pioneer Natural Resources Co, Devon Energy Corp, Waste Management Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Ninepoint Partners LP..

Investor Takeaway

Gaming and Leisure Properties has a strong collection of assets leased to top gaming operators across the country.

Gen Alpha Teams Up With Income Builder

Gaming and Leisure Properties has a strong collection of assets with exposure to top gaming operators. Its rent collection has been stellar, and it also enjoys triple net master leases with long lease durations.

The company announced the pricing of a public offering of common stock

Gen Alpha has teamed up with Hoya Capital to launch the premier income-focused investing service on Seeking Alpha.

What happened?

A Fool since 2019, Prosper's writing focuses primarily on the healthcare sector. Passionate about teaching and learning, he enjoys helping others make better decisions about their finances -- and enjoys it just as much when they return the favor. In his free time, you'll find him curling up with a good book or doing math.

So what

Shares of Greenwich LifeSciences ( NASDAQ:GLSI) were down by 13.5% as of 2:41 p.m. EST on Friday following its announcement of the pricing of a public offering of common stock. Naturally, investors aren't excited with the prospect of the clinical-stage biopharmaceutical company diluting its existing shareholders.

Now what

Greenwich LifeSciences is offering 660,000 new shares of its common stock for $40 per share. The company is also granting underwriters a 45-day option to purchase an additional 99,000 shares at the public offering price. It expects to collect gross proceeds of $26.4 million, or if the underwriters exercise their full option, roughly $30.4 million.