Matthew Demchyk Sells 1,138 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

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

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 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 value of $54,922.20.

Gaming and Leisure Properties Stock Down 0.6 %

NASDAQ:GLPI opened at $49.86 on Tuesday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The stock’s fifty day moving average is $48.36 and its two-hundred day moving average is $49.79. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.01 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 (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.10%. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in 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 acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in shares of 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 purchasing an additional 384 shares during the period. CKW Financial Group grew its stake in 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 worth $34,000 after buying an additional 300 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Gaming and Leisure Properties during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upped their price objective on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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. Royal Bank of Canada reduced their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley cut 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 report on Wednesday, January 15th. Finally, Barclays reduced 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 note on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.