Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang Sells 3,000 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) Director E Scott Urdang sold 3,000 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now directly owns 146,800 shares in the company, valued at $7,397,252. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

E Scott Urdang also recently made the following trade(s):

• On Tuesday, October 29th, E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.16, for a total value of $345,351.60.
• On Monday, August 12th, E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.89, for a total value of $274,028.45.

Gaming and Leisure Properties Trading Up 1.5 %

Gaming and Leisure Properties stock traded up $0.77 during midday trading on Monday, hitting $50.59. 1,111,266 shares of the stock were exchanged, compared to its average volume of 1,318,667. The stock has a market capitalization of $13.88 billion, a PE ratio of 17.76, a P/E/G ratio of 2.16 and a beta of 0.99. The company has a fifty day simple moving average of $51.14 and a two-hundred day simple moving average of $47.77. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period in the prior year, the business earned $0.92 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 annualized dividend and a dividend yield of 6.01%. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 106.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLPI shares. Stifel Nicolaus lifted their price target on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a "buy" rating in a report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Finally, Wolfe Research upgraded Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and eight 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 price target of $52.18.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds have recently modified their holdings of the business. Assetmark Inc. lifted its position in Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 535 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $34,000 after purchasing an additional 384 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Gaming and Leisure Properties in the second quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust's stock worth $35,000 after buying an additional 590 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 91.14% of the company's stock.

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.

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