Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 3,382 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $170,723.36. Following the sale, the senior vice president now owns 49,620 shares in the company, valued at $2,504,817.60. This represents a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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 transaction of $323,838.55.
- On Friday, February 28th, Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock. The stock was 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 value of $54,922.20.
Gaming and Leisure Properties Stock Up 1.2 %
Shares of NASDAQ GLPI traded up $0.58 during mid-day trading on Friday, reaching $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 debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The business has a 50-day simple moving average of $48.48 and a 200 day simple moving average of $49.80. The stock has a market cap of $13.91 billion, a P/E ratio of 17.63, a PEG 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.
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 earnings per share (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 business had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. On average, analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.
Gaming and Leisure Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 6.01%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties's dividend payout ratio is 105.92%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on GLPI shares. Scotiabank lowered their price objective on 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. JMP Securities restated a "market outperform" rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Stifel Nicolaus increased their price objective on shares of 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. Mizuho dropped their target price 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. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $49.00 to $54.00 in a report on Friday, December 13th. Six research 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.04.
Get Our Latest Stock Analysis on GLPI
Institutional Trading of Gaming and Leisure Properties
Institutional investors have recently made changes to their positions in the company. Freedom Investment Management Inc. boosted its position in Gaming and Leisure Properties by 3.8% during the fourth quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 222 shares during the period. GAMMA Investing LLC lifted its stake in shares of Gaming and Leisure Properties by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock valued at $136,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings in Gaming and Leisure Properties by 4.9% in the 4th quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust's stock worth $245,000 after buying an additional 238 shares during the period. Seeds Investor LLC grew its stake in Gaming and Leisure Properties by 3.6% in the 4th quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust's stock valued at $354,000 after buying an additional 254 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 262 shares during the period. Institutional investors own 91.14% of the company's stock.
About Gaming and Leisure Properties
(
Get Free Report)
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.
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