Matthew Demchyk Sells 17,617 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the completion of the transaction, the senior vice president now owns 54,140 shares in the company, valued at $2,674,516. This trade represents a 24.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction 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 value of $54,922.20.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $48.43 on Friday. The company has a market cap of $13.29 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The business has a 50 day moving average price of $48.76 and a 200-day moving average price of $49.79.

Gaming and Leisure Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank cut their target price on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.93.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently made changes to their positions in GLPI. Franklin Resources Inc. grew its position in Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock worth $641,059,000 after purchasing an additional 889,698 shares in the last quarter. State Street Corp grew its holdings in shares of Gaming and Leisure Properties by 1.4% in the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock valued at $624,356,000 after acquiring an additional 162,484 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Gaming and Leisure Properties by 2.7% during the third quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock valued at $312,316,000 after acquiring an additional 161,689 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Gaming and Leisure Properties by 6.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock worth $284,726,000 after acquiring an additional 341,492 shares during the period. Finally, Jennison Associates LLC boosted its position in Gaming and Leisure Properties by 5.2% in the fourth quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust’s stock worth $206,468,000 after purchasing an additional 211,657 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

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.