MARKET

GLPI

GLPI

Gaming & Leisure
NASDAQ

Real-time Quotes | Nasdaq Last Sale

37.41
-0.06
-0.16%
Opening 10:06 10/30 EDT
OPEN
37.11
PREV CLOSE
37.47
HIGH
37.42
LOW
36.49
VOLUME
984.89K
TURNOVER
--
52 WEEK HIGH
50.08
52 WEEK LOW
12.65
MARKET CAP
8.25B
P/E (TTM)
18.29
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Gaming and Leisure Properties prices equity offering at 36.25
Gaming and Leisure Properties (GLPI) has priced its public offering of 8M common at $36.25/share.Underwriters' over-allotment is an additional 1.2M shares. The estimated net proceeds of ~$278.9M will be used
Seekingalpha · 7h ago
Gaming and Leisure Properties, Inc. Announces Pricing of Public Offering of Common Stock
WYOMISSING, Pa., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (the "Company" or “GLPI") (NASDAQ: GLPI), today announced that it has priced its previously announced underwritten public offering to sell 8,000,000 shares of common stock at a public offering price of $36.25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price, less the underwriting discount. The offering is expected to close on November 3, 2020, subject to customary closing conditions. The estimated net proceeds from the offering are expected to be approximately $278.9 million (or approximately $320.8 million if the underwriters exercise their option to purchase additional shares in full). The Company intends to use the net proceeds from the offering to partially finance the previously announced acquisitions of certain real property assets from Twin River Worldwide Holdings, Inc. and Caesars Entertainment, Inc. (collectively, the “Twin River/Caesars Acquisitions”) and for working capital and general corporate purposes. The offering is not conditioned upon the successful completion of the Twin River/Caesars Acquisitions and there is no assurance that the Twin River/Caesars Acquisitions will be consummated on the anticipated schedule or at all. Pending such uses, the Company intends to use the net proceeds from the offering to repay borrowings under the senior credit facility or invest in interest-bearing accounts and short-term, interest-bearing securities.Wells Fargo Securities, BofA Securities, Barclays and Mizuho Securities are serving as representatives of the underwriters and joint book-running managers for the offering. Goldman Sachs & Co. LLC, J.P. Morgan, Citizens Capital Markets, Inc., Fifth Third Securities, Inc., Stifel, Nicolaus & Company, Incorporated, Truist Securities, Inc. and Credit Agricole Securities (USA) Inc. are also serving as joint book-running managers for the offering. Scotia Capital (USA) Inc., Capital One Securities, Inc., KeyBanc Capital Markets Inc., Ladenburg Thalmann & Co. Inc., Raymond James & Associates, Inc., SMBC Nikko Securities America, Inc., Union Gaming Securities LLC and Bancroft Capital, LLC are serving as co-managers for the offering. The offering will be made under the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). When available, a copy of the final prospectus supplement and prospectus relating to the offering may be obtained from Wells Fargo Securities, LLC, 500 West 33rd Street, New York, NY 10001, Attention: Equity Syndicate Department (fax no: (212) 214-5918), BofA Securities NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com, Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Barclaysprospectus@broadridge.com, (888) 603-5847 or Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, NY 10020, Attn: Equity Capital Markets Desk or by visiting the EDGAR database on the SEC’s web site at www.sec.gov.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Gaming and Leisure PropertiesGLPI 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. GLPI elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the 2014 taxable year and was the first gaming-focused REIT in North America.Forward-Looking StatementsThis 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 our ability to complete the offering and apply the net proceeds as indicated, as well as our ability to complete the Twin River/Caesars Acquisitions and related transactions and the accretive impact of such transactions. 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: GLPI’s ability to successfully consummate the offering and the Twin River/Caesars Acquisitions and related transactions, including the ability of the parties to satisfy various closing conditions, receipt of required regulatory approvals, or other delays or impediments to completing the proposed transactions; GLPI’s 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; GLPI’s ability to maintain its status as a REIT; GLPI’s ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to it; the impact of GLPI’s substantial indebtedness on its 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, 2019, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the SEC. 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 Investor Relations — Gaming and Leisure Properties, Inc. Matthew Demchyk T: (610) 401-2900Joseph Jaffoni, Richard Land, James Leahy T: (212) 835-8500
GlobeNewswire · 10h ago
Gaming And Leisure Properties, Inc. Announces Public Offering Of 8,000,000 Shares Of Common Stock
WYOMISSING, Pa., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (the "Company" or "GLPI") (NASDAQ:GLPI), today announced that it has commenced an underwritten public offering to
Benzinga · 17h ago
Deutsche Bank Maintains Buy on Gaming and Leisure Props, Raises Price Target to $42
Deutsche Bank maintains Gaming and Leisure Props (NASDAQ:GLPI) with a Buy and raises the price target from $40 to $42.
Benzinga · 22h ago
Morgan Stanley Maintains Overweight on Gaming and Leisure Props, Raises Price Target to $41
Morgan Stanley maintains Gaming and Leisure Props (NASDAQ:GLPI) with a Overweight and raises the price target from $38 to $41.
Benzinga · 1d ago
Caesars Entertainment unloads Indiana property to GLPI and TRWH
Caesars Entertainment (CZR) says it is selling its Tropicana Evansville property to Gaming and Leisure Properties (GLPI) and Twin River Worldwide Holdings (TRWH) for $480M.As part of the deal, Caesars has agreed
Seekingalpha · 2d ago
Gaming & Leisure Properties, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 28, 2020/ Gaming & Leisure Properties, Inc.
ACCESSWIRE · 2d ago
Gaming and Leisure Properties (GLPI) Q3 FFO and Revenues Surpass Estimates
Gaming and Leisure Properties (GLPI) delivered FFO and revenue surprises of 4.71% and 8.74%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 2d ago
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Learn about the latest financial forecast of GLPI. Analyze the recent business situations of Gaming & Leisure through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 15 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average GLPI stock price target is 41.40 with a high estimate of 50.00 and a low estimate of 30.94.
EPS
Institutional Holdings
Institutions: 522
Institutional Holdings: 207.15M
% Owned: 93.95%
Shares Outstanding: 220.49M
TypeInstitutionsShares
Increased
149
24.25M
New
100
-273.77K
Decreased
130
18.14M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Specialized REITs
-0.44%
Residential & Commercial REITs
-0.28%
Key Executives
Chairman/President/Chief Executive Officer/Director
Peter Carlino
Senior Vice President/Chief Accounting Officer
Desiree Burke
Senior Vice President/General Counsel/Secretary
Brandon Moore
Senior Vice President
Matthew Demchyk
Independent Director
Carol Lynton
Independent Director
Joseph Marshall
Independent Director
James Perry
Independent Director
Barry Schwartz
Independent Director
Earl Shanks
Independent Director
E. Scott Urdang
Independent Director
Evan Urdang
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
08/07/2020
Dividend USD 0.12
08/14/2020
04/29/2020
Dividend USD 0.12
05/12/2020
02/20/2020
Dividend USD 0.7
03/05/2020
11/26/2019
Dividend USD 0.7
12/12/2019
08/20/2019
Dividend USD 0.68
09/05/2019
05/28/2019
Dividend USD 0.68
06/13/2019
02/19/2019
Dividend USD 0.68
03/07/2019
10/12/2018
Dividend USD 0.68
12/13/2018
07/31/2018
Dividend USD 0.63
09/06/2018
04/24/2018
Dividend USD 0.63
06/14/2018
02/01/2018
Dividend USD 0.63
03/08/2018
10/19/2017
Dividend USD 0.63
11/30/2017
07/25/2017
Dividend USD 0.63
09/07/2017
04/25/2017
Dividend USD 0.62
06/14/2017
02/01/2017
Dividend USD 0.62
03/09/2017
11/04/2016
Dividend USD 0.6
12/01/2016
08/03/2016
Dividend USD 0.6
09/08/2016
04/25/2016
Dividend USD 0.56
05/31/2016
01/29/2016
Dividend USD 0.56
02/18/2016
10/28/2015
Dividend USD 0.545
11/27/2015
07/30/2015
Dividend USD 0.545
09/10/2015
05/01/2015
Dividend USD 0.545
06/09/2015
02/02/2015
Dividend USD 0.545
03/06/2015
11/18/2014
Dividend USD 0.92
11/28/2014
09/02/2014
Dividend USD 0.52
09/11/2014
05/29/2014
Dividend USD 0.52
06/10/2014
02/18/2014
Dividend USD 0.52
03/05/2014
01/03/2014
Dividend USD 11.85
01/09/2014
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About GLPI
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company's segments include GLP Capital, L.P. (GLP Capital), a subsidiary of GLPI, through which the Company owns all of its real estate assets, and the TRS Properties, which consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The Company has 41 rental properties, consisting of the real property associated with 32 gaming and related facilities operated by Penn National Gaming, Inc. (Penn), the real property associated with five gaming and related facilities operated by Eldorado, the real property associated with three gaming and related facilities operated by Boyd and the real property associated with the Casino Queen in East St. Louis, Illinois.
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