Matthew Demchyk Sells 10,474 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 10,474 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the sale, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $47.80, for a total value of $54,922.20.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $47.78 on Friday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average price is $48.90 and its two-hundred day moving average price is $49.69. The company has a market cap of $13.11 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.36%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is presently 106.29%.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently modified their holdings of GLPI. Franklin Resources Inc. raised its holdings 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 valued at $641,059,000 after acquiring an additional 889,698 shares during the period. State Street Corp increased its stake in shares of Gaming and Leisure Properties by 1.4% during the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock worth $624,356,000 after purchasing an additional 162,484 shares during the period. Geode Capital Management LLC lifted its holdings in Gaming and Leisure Properties by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock worth $312,316,000 after purchasing an additional 161,689 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Gaming and Leisure Properties by 6.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after purchasing an additional 341,492 shares during the period. Finally, Jennison Associates LLC grew its holdings in Gaming and Leisure Properties by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after buying an additional 821,634 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the subject of a number of research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $49.00 to $54.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, JMP Securities reissued 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 issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

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.