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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 1,138 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $50.45, for a total value of $57,412.10. Following the sale, the senior vice president now owns 53,002 shares of the company's stock, valued at approximately $2,673,950.90. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 value of $323,838.55.
• On Monday, March 3rd, Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock. The stock was 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 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 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 transaction of $54,922.20.

Gaming and Leisure Properties Stock Up 1.2 %

Shares of GLPI traded up $0.58 during midday trading on Friday, hitting $50.61. 2,344,373 shares of the company's stock traded hands, compared to its average volume of 1,188,854. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The firm's fifty day moving average is $48.48 and its 200-day moving average is $49.80.

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Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results 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 company had revenue of $389.62 million during the quarter, compared to analysts' expectations of $391.54 million. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is presently 105.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Dodge & Cox grew its holdings in shares of Gaming and Leisure Properties by 75.3% during the fourth quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock valued at $650,094,000 after buying an additional 5,797,299 shares during the last quarter. Franklin Resources Inc. grew its stake in Gaming and Leisure Properties by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock valued at $617,938,000 after purchasing an additional 571,720 shares during the last quarter. State Street Corp increased its holdings in shares of Gaming and Leisure Properties by 1.4% in the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust's stock valued at $624,356,000 after purchasing an additional 162,484 shares during the period. Geode Capital Management LLC increased its holdings in shares of Gaming and Leisure Properties by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock valued at $300,395,000 after purchasing an additional 165,024 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Gaming and Leisure Properties by 5.2% in the fourth quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock worth $206,468,000 after purchasing an additional 211,657 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada cut their target price on 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. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $49.00 to $54.00 in a report on Friday, December 13th. 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 note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.