Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells $509,245.88 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 10,474 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the sale, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. This trade represents a 12.74 % decrease in their ownership of the stock. 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 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 transaction of $54,922.20.

Gaming and Leisure Properties Trading Up 0.7 %

Gaming and Leisure Properties stock opened at $48.11 on Friday. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The stock has a market capitalization of $13.20 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The firm has a 50 day simple moving average of $48.87 and a 200-day simple moving average of $49.72. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors 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 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Analysts Set New Price Targets

GLPI has been the subject of several recent research reports. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. 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 note on Tuesday, November 26th. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Mizuho lowered their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Barclays assumed coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 target price for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 535 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 384 shares in the last quarter. CKW Financial Group grew its position in Gaming and Leisure Properties by 75.0% in the fourth 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. EverSource Wealth Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 590 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Gaming and Leisure Properties by 3,191.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 734 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors.

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.