Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells 3,382 Shares of Stock

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

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

• On Wednesday, March 5th, Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.45, for a total transaction of $323,838.55.
• 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 shares were 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 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 Price Performance

Gaming and Leisure Properties stock opened at $50.40 on Thursday. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 17.56, a PEG 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. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The stock’s 50 day moving average is $48.39 and its 200-day moving average is $49.79.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $391.54 million. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed 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 6.03%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 105.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLPI. Assetmark Inc. raised its position in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 535 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Gaming and Leisure Properties in the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised its holdings in Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group lifted its position in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Mizuho lowered 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 report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, Morgan Stanley cut 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 report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $54.04.

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.