Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Sells 5,000 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) Director E Scott Urdang sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the sale, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gaming and Leisure Properties Stock Performance

Shares of GLPI traded up $0.23 during midday trading on Friday, reaching $50.15. 1,944,895 shares of the stock were exchanged, compared to its average volume of 1,184,551. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. 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 company has a market cap of $13.78 billion, a P/E ratio of 17.47, a PEG ratio of 2.01 and a beta of 0.99. The stock's 50 day simple moving average is $48.31 and its 200 day simple moving average is $49.78.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping 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 company had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

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Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is currently 105.92%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price objective on the stock. Mizuho lowered 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. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective on the stock. in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new position in Gaming and Leisure Properties in the third quarter valued at about $693,000. Sanctuary Advisors LLC raised its stake in Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust's stock valued at $1,646,000 after purchasing an additional 13,965 shares in the last quarter. Zacks Investment Management raised its stake in Gaming and Leisure Properties by 10.9% in the third quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust's stock valued at $26,867,000 after purchasing an additional 51,398 shares in the last quarter. Cerity Partners LLC raised its stake in Gaming and Leisure Properties by 87.5% in the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust's stock valued at $741,000 after purchasing an additional 6,724 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Gaming and Leisure Properties in the fourth quarter valued at about $526,000. Institutional investors and hedge funds own 91.14% of the company's stock.

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.