Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Sells $1,546,545.00 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the sale, the chief operating officer now owns 208,977 shares in the company, valued at approximately $10,459,298.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gaming and Leisure Properties Stock Up 0.1 %

NASDAQ:GLPI opened at $51.08 on Thursday. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 5.14 and a beta of 0.98. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average price of $47.86 and a two-hundred day moving average price of $45.77. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $51.35.

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

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new position in Gaming and Leisure Properties during the second quarter worth $31,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties in the fourth quarter valued at $33,000. MCF Advisors LLC increased its stake in Gaming and Leisure Properties by 416.7% in the 1st quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 600 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Gaming and Leisure Properties by 18,500.0% in the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 740 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLPI. Deutsche Bank Aktiengesellschaft upped their target price 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. UBS Group increased their price objective on Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, JMP Securities boosted their price objective on Gaming and Leisure Properties from $53.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.