Gaming and Leisure Properties declares a $0.82 dividend per share for Q3 2026, payable on September 25.
Quiver AI Summary
Gaming and Leisure Properties, Inc. (GLPI) announced that its Board of Directors has declared a cash dividend of $0.82 per share for the third quarter of 2026, payable on September 25 to shareholders on record as of September 11. This dividend represents an annualized yield of 7.8%, based on the share price of $42.07 on August 31. This increase from the previous year’s dividend of $0.78 reflects the company's intention to continue regular quarterly dividends, subject to quarterly review and Board approval. The press release also includes forward-looking statements about potential risks and uncertainties impacting future dividends and operational strategies.
Potential Positives
- The Company declared a third quarter 2026 cash dividend of $0.82 per share, which represents an increase from the previous year's dividend of $0.78 per share.
- The announced dividend reflects a strong annualized yield of 7.8%, which may attract investors looking for income-generating investments.
- The continuation of regular quarterly cash dividends indicates a commitment to returning value to shareholders, enhancing investor confidence in the Company.
- The Company’s business model of acquiring and leasing real estate to gaming operators under triple-net leases positions it favorably within the gaming industry, potentially leading to stable revenue streams.
Potential Negatives
- The upcoming dividend payments are subject to review and declaration at the discretion of the Board of Directors, introducing uncertainty regarding future dividends.
- Forward-looking statements indicate potential risks such as inflation impacting tenant operations, which could affect the company's financial stability.
- The company acknowledges significant risks related to its substantial indebtedness, which may impact future operations and financial flexibility.
FAQ
What is the third quarter dividend declared by Gaming and Leisure Properties?
The third quarter 2026 cash dividend is $0.82 per share of common stock.
When is the dividend payable to shareholders?
The dividend is payable on September 25, 2026, to shareholders of record on September 11, 2026.
What is the annualized yield of the current dividend?
The current dividend reflects an annualized yield of 7.8% based on the closing share price of $42.07.
How does this quarter's dividend compare to last year's?
The third quarter 2025 cash dividend was $0.78 per share, which is lower than this year's $0.82.
Will GLPI continue to pay regular dividends in the future?
While GLPI intends to pay regular quarterly dividends, future payments will be reviewed quarterly at the Board's discretion.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GLPI Insider Trading Activity
$GLPI insiders have traded $GLPI stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $GLPI stock by insiders over the last 6 months:
- EARL C SHANKS purchased 10,000 shares for an estimated $422,400
- E SCOTT URDANG sold 3,000 shares for an estimated $144,960
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GLPI Revenue
$GLPI had revenues of $430.5M in Q2 2026. This is an increase of 9.03% from the same period in the prior year.
You can track GLPI financials on Quiver Quantitative's GLPI stock page.
You can access data on GLPI stock through the Quiver Quantitative API.
$GLPI Hedge Fund Activity
We have seen 333 institutional investors add shares of $GLPI stock to their portfolio, and 281 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ removed 4,765,857 shares (-79.6%) from their portfolio in Q2 2026, for an estimated $212,223,612
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,231,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $188,412,619
- JPMORGAN CHASE & CO added 3,464,741 shares (+inf%) to their portfolio in Q2 2026, for an estimated $154,284,916
- COHEN & STEERS, INC. removed 2,585,430 shares (-31.5%) from their portfolio in Q2 2026, for an estimated $115,129,197
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,442,003 shares (+146315.3%) to their portfolio in Q2 2026, for an estimated $108,742,393
- MARSHALL WACE, LLP removed 1,521,275 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $67,498,971
- INVESCO LTD. removed 1,507,314 shares (-54.9%) from their portfolio in Q2 2026, for an estimated $67,120,692
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$GLPI Price Targets
Multiple analysts have issued price targets for $GLPI recently. We have seen 5 analysts offer price targets for $GLPI in the last 6 months, with a median target of $53.0.
Here are some recent targets:
- Ronald Kamdem from Morgan Stanley set a target price of $55.0 on 07/07/2026
- Anthony Paolone from JP Morgan set a target price of $51.0 on 06/30/2026
- Greg McGinniss from Scotiabank set a target price of $49.0 on 06/18/2026
- Richard Hightower from Barclays set a target price of $53.0 on 04/21/2026
- Haendel St. Juste from Mizuho set a target price of $53.0 on 03/11/2026
Full Release
WYOMISSING, Pa., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”), announced today that on August 31, the Company’s Board of Directors declared the third quarter 2026 cash dividend of $0.82 per share of its common stock. The dividend is payable on September 25, 2026 to shareholders of record on September 11, 2026. Based on GLPI’s closing share price of $42.07 on August 31, the current dividend, on an annualized basis, reflects a yield of 7.8%. The third quarter 2025 cash dividend was $0.78 per share of the Company’s common stock.
While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.
About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our expectations regarding the payment of future cash dividends. Forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “intends,” “may,” “will,” “should” or “anticipates” or the negative or other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such forward-looking statements are inherently subject to risks, uncertainties and assumptions about GLPI and its subsidiaries, including risks related to the following: the potential negative impact of inflation on our tenants' operations; the availability of and the ability to identify suitable and attractive acquisition and development opportunities and the ability to acquire and lease those properties on favorable terms; the ability to receive, or delays in obtaining, the regulatory approvals required to own and/or operate its properties, or other delays or impediments to completing acquisitions or projects; the effect of pandemics, such as COVID-19, on GLPI as a result of the impact such pandemics may have on the business operations of GLPI’s tenants and their continued ability to pay rent in a timely manner or at all; GLPI's ability to maintain its status as a REIT; our ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to GLPI; the impact of our substantial indebtedness on our future operations; changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs or to the gaming or lodging industries; and other factors described in GLPI’s Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and current Reports on Form 8-K, each as filed with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to GLPI or persons acting on GLPI’s behalf are expressly qualified in their entirety by the cautionary statements included in this press release. GLPI undertakes no obligation to publicly update or revise any forward-looking statements contained or incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur as presented or at all.
| Contact | |
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Gaming and Leisure Properties, Inc.
Carlo Santarelli, SVP - Corporate Strategy & Investor Relations 610/401-2900 [email protected] |
Investor Relations
Joseph Jaffoni at JCIR 212/835-8500 [email protected] |