Matthew Demchyk Sells 10,474 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 10,474 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at $3,488,825.34. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matthew Demchyk also recently made the following trade(s):

• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $47.80, for a total transaction of $54,922.20.

Gaming and Leisure Properties Stock Down 2.1 %

NASDAQ:GLPI traded down $1.02 on Wednesday, hitting $48.13. 1,242,171 shares of the company's stock were exchanged, compared to its average volume of 1,047,282. The firm has a 50-day moving average price of $48.93 and a 200-day moving average price of $49.72. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. 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 company has a market cap of $13.21 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.25). The company had revenue of $385.34 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. As a group, 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 company 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 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 106.29%.

Institutional Investors Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of Gaming and Leisure Properties by 2,547.6% in the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 535 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group lifted its holdings in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Gaming and Leisure Properties by 578.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 590 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 734 shares during the period. 91.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GLPI. Scotiabank cut their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. JMP Securities reissued a "market outperform" rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Mizuho decreased their target price on 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. Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They issued an "equal weight" rating and a $54.53 price target on the stock. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.93.

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.

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