Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang Sells 5,000 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the sale, the director now owns 145,953 shares of the company’s stock, valued at $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gaming and Leisure Properties Stock Up 0.5 %

GLPI opened at $50.15 on Friday. The business has a 50 day moving average price of $48.25 and a 200 day moving average price of $49.77. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market cap of $13.78 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The firm had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.06%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Barclays began coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target for the company. Stifel Nicolaus lifted their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a report on Tuesday, November 26th. Scotiabank reduced their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.15.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC bought a new position in Gaming and Leisure Properties in the 3rd quarter worth approximately $693,000. Sanctuary Advisors LLC increased its position in Gaming and Leisure Properties by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock worth $1,646,000 after buying an additional 13,965 shares during the period. Zacks Investment Management increased its position in Gaming and Leisure Properties by 10.9% in the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after buying an additional 51,398 shares during the period. Cerity Partners LLC increased its position in Gaming and Leisure Properties by 87.5% in the 3rd quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 6,724 shares during the period. Finally, Merit Financial Group LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $526,000. 91.14% of the stock is owned by institutional investors.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.