Desiree A. Burke Sells 12,973 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) CFO Desiree A. Burke sold 12,973 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $51.97 on Thursday. The business has a fifty day moving average of $48.63 and a 200 day moving average of $46.00. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.40. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 5.45 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). The firm had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. As a group, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Friday, September 13th. Gaming and Leisure Properties’s payout ratio is 112.18%.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in GLPI. Wellington Management Group LLP boosted its holdings in Gaming and Leisure Properties by 40.8% in the fourth quarter. Wellington Management Group LLP now owns 12,709,300 shares of the real estate investment trust’s stock valued at $627,204,000 after purchasing an additional 3,684,553 shares during the last quarter. Norges Bank acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $141,537,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Gaming and Leisure Properties by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after buying an additional 781,906 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in Gaming and Leisure Properties during the second quarter worth about $16,936,000. Finally, Dimensional Fund Advisors LP raised its position in Gaming and Leisure Properties by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLPI. Mizuho reduced their price target on Gaming and Leisure Properties from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Raymond James boosted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. UBS Group raised their price target on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Scotiabank boosted their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Gaming and Leisure Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

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.