Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the sale, the senior vice president now directly owns 54,140 shares in the company, valued at approximately $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Matthew Demchyk also recently made the following trade(s):
- 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 transaction of $509,245.88.
- 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 Performance
Shares of NASDAQ:GLPI traded up $0.39 on Thursday, hitting $48.43. 932,332 shares of the company were exchanged, compared to its average volume of 1,022,428. The company's 50 day moving average price is $48.80 and its two-hundred day moving average price is $49.80. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35.
Gaming and Leisure Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties's payout ratio is 106.29%.
Hedge Funds Weigh In On Gaming and Leisure Properties
Institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings 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 purchasing an additional 535 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC increased its position in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 384 shares during the period. CKW Financial Group raised its stake in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after buying an additional 300 shares during the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in Gaming and Leisure Properties by 3,191.3% in the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 734 shares during the period. 91.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on GLPI. Barclays started coverage on shares of Gaming and Leisure Properties in a report on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 target price on the stock. Stifel Nicolaus lifted their price target on 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 lowered shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating in a report on Monday, October 28th. Morgan Stanley lowered Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.93.
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About Gaming and Leisure Properties
(
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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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