Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells $57,412.10 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 1,138 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10. Following the sale, the senior vice president now owns 53,002 shares of the company’s stock, valued at $2,673,950.90. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.48, for a total transaction of $170,723.36.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.40, for a total value of $870,279.80.
• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The stock was 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 Price Performance

NASDAQ GLPI opened at $49.79 on Wednesday. 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 stock has a market cap of $13.68 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.01 and a beta of 0.99. The business has a 50 day simple moving average of $48.36 and a 200 day simple moving average of $49.79. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60.

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

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is 105.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLPI. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price on the stock. in a research report on Wednesday, January 15th. Royal Bank of Canada decreased their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Barclays dropped their target price on Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.04.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several hedge funds have recently made changes to their positions in GLPI. Segall Bryant & Hamill LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter worth $693,000. Aew Capital Management L P increased its stake in Gaming and Leisure Properties by 1,786.5% in the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust’s stock valued at $36,679,000 after buying an additional 721,230 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 76.1% during 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 last quarter. Zacks Investment Management grew its holdings in shares of 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 valued at $26,867,000 after acquiring an additional 51,398 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of 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 valued at $741,000 after acquiring an additional 6,724 shares in the last quarter. 91.14% of the stock is owned by 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.