Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells 1,149 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 1,149 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the completion of the sale, the senior vice president now owns 91,620 shares in the company, valued at $4,379,436. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gaming and Leisure Properties Trading Down 0.5 %

Shares of GLPI stock opened at $47.63 on Tuesday. 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 moving average of $49.54 and a 200 day moving average of $49.49. The stock has a market capitalization of $13.07 billion, a PE ratio of 16.65, a P/E/G ratio of 2.13 and a beta of 0.99. 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) last issued its earnings results 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). 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 during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

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 dividend of $0.76 per share. The ex-dividend date was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.38%. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

GLPI has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $49.00 to $54.00 in a report on Friday, December 13th. Mizuho lowered 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 research note on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus raised their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays began 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 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Institutional Trading of Gaming and Leisure Properties

Large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new position in Gaming and Leisure Properties during the 3rd quarter valued at approximately $693,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Gaming and Leisure Properties by 63.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,991 shares of the real estate investment trust’s stock valued at $2,351,000 after acquiring an additional 20,111 shares in the last quarter. Sei Investments Co. lifted its stake in Gaming and Leisure Properties by 11.4% in the second quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock worth $24,395,000 after acquiring an additional 55,385 shares during the period. Sanctuary Advisors LLC boosted its holdings in Gaming and Leisure Properties by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after acquiring an additional 13,965 shares in the last quarter. Finally, Zacks Investment Management increased its position in Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock valued at $26,867,000 after purchasing an additional 51,398 shares during the period. 91.14% of the stock is owned by institutional investors.

About Gaming and Leisure Properties

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.