Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells 6,419 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $50.45, for a total transaction of $323,838.55. Following the transaction, the senior vice president now owns 43,201 shares of the company's stock, valued at $2,179,490.45. This represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Friday, February 28th, Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock. The shares were 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 transaction of $54,922.20.

Gaming and Leisure Properties Trading Up 1.2 %

Shares of NASDAQ GLPI traded up $0.58 during mid-day trading on Friday, hitting $50.61. 2,344,373 shares of the company traded hands, compared to its average volume of 1,187,841. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.01 and a beta of 1.00. 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 business has a 50 day moving average of $48.53 and a two-hundred day moving average of $49.80.

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Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

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

Analysts Set New Price Targets

GLPI has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays lowered their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. 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. Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. 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 MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Moderate Buy" and an average price target of $54.04.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dodge & Cox increased its position in 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 worth $650,094,000 after buying an additional 5,797,299 shares during the last quarter. Franklin Resources Inc. raised its position 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 worth $617,938,000 after purchasing an additional 571,720 shares during the last quarter. State Street Corp raised its position in Gaming and Leisure Properties by 1.4% during the 3rd quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust's stock worth $624,356,000 after purchasing an additional 162,484 shares during the last quarter. Geode Capital Management LLC grew its holdings in Gaming and Leisure Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after acquiring an additional 165,024 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Gaming and Leisure Properties by 5.2% in the 4th quarter. Jennison Associates LLC now owns 4,287,118 shares of the real estate investment trust's stock valued at $206,468,000 after buying an additional 211,657 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

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.