Gaming and Leisure Properties Inc. (GLPI), a real estate investment property trust involved in leasing gaming facilities, has experienced a slight increase in its share price over the past year. From $46.82 in 2022, the share price rose to $48.46 at the close of the market on Friday. Although the stock’s price has mostly remained above $50 throughout the year, there is a possibility that it could drop by $2.04 or more.
Analysts have provided a median annual target price estimate of $56.74 for GLPI. Therefore, there is potential for the stock to increase from its current price to around $50.50 by next year. This upside estimate falls $6.28 below the analysts’ median target price.
GLPI is known for its variable quarterly dividend, which was recently set at $0.72. This dividend was paid to shareholders on June 30th, and with an annualized amount of $2.88, it yields a return of 5.94% based on Friday’s closing price.
By combining the anticipated annual dividend of $2.88 with the estimated price upside of $2.04, an investor could potentially gain $4.92 per share in the coming year. With a closing price of $48.46, an investment of approximately $1,000 could accumulate 21 shares. Taking into account a possible broker fee of $10, which would be split between the purchase and sale, the net gain would amount to $93.24 for a 9.25% net gain.
While the current dividend is attractive, investors should note that it is variable, meaning it may change over time. Additionally, the stock’s price is relatively low, hovering around $6.67 below its all-time high of $55.13, which was reached on March 3, 2023.
It is important to consider that the article is based on historical data and the most accurate evaluation of GLPI’s performance can be obtained through active investment in the company.
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