Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells $170,723.36 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total transaction of $170,723.36. Following the transaction, the senior vice president now directly owns 49,620 shares of the company’s stock, valued at approximately $2,504,817.60. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Matthew Demchyk also recently made the following trade(s):

• On Friday, February 28th, Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80.
• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $48.62, for a total value of $509,245.88.
• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20.

Gaming and Leisure Properties Trading Down 0.6 %

NASDAQ:GLPI opened at $49.86 on Tuesday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The firm has a market cap of $13.70 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $48.36 and a 200 day moving average price of $49.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.04.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors have recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in Gaming and Leisure Properties in the fourth quarter valued at $52,000. Employees Retirement System of Texas boosted its holdings in Gaming and Leisure Properties by 2.2% in the fourth quarter. Employees Retirement System of Texas now owns 182,164 shares of the real estate investment trust’s stock valued at $8,773,000 after purchasing an additional 4,000 shares in the last quarter. Toronto Dominion Bank raised its holdings in Gaming and Leisure Properties by 2.5% during the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock worth $1,776,000 after purchasing an additional 905 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $240,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at $3,371,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Company Profile

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.