Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells $54,922.20 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 1,149 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the completion of the transaction, the senior vice president now owns 91,620 shares of the company's stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gaming and Leisure Properties Trading Down 0.5 %

NASDAQ:GLPI traded down $0.23 on Monday, reaching $47.63. The stock had a trading volume of 838,217 shares, compared to its average volume of 1,079,039. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.13 and a beta of 0.98. The firm's fifty day moving average is $49.54 and its two-hundred day moving average is $49.49. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analysts' expectations of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio is currently 106.29%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its position in Gaming and Leisure Properties by 94.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,107 shares of the real estate investment trust's stock worth $198,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its position in Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust's stock worth $136,000 after buying an additional 226 shares during the period. JPMorgan Chase & Co. lifted its position in Gaming and Leisure Properties by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,503,392 shares of the real estate investment trust's stock worth $77,350,000 after buying an additional 173,810 shares during the period. Retirement Systems of Alabama lifted its position in Gaming and Leisure Properties by 1.6% during the third quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust's stock worth $38,131,000 after buying an additional 11,822 shares during the period. Finally, Franklin Resources Inc. lifted its position in Gaming and Leisure Properties by 7.8% during the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock worth $641,059,000 after buying an additional 889,698 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GLPI. Wells Fargo & Company reiterated an "equal weight" rating and set a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their target price on shares of 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 downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Barclays began 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.