Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk Sells 6,419 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 6,419 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $50.45, for a total value of $323,838.55. Following the completion of the transaction, the senior vice president now directly owns 43,201 shares of the company’s stock, valued at approximately $2,179,490.45. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Matthew Demchyk also recently made the following trade(s):

• On Monday, March 3rd, Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.48, for a total value of $170,723.36.
• On Friday, February 28th, Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.45, for a total value of $57,412.10.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.40, for a total value of $870,279.80.
• 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 value 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 value of $54,922.20.

Gaming and Leisure Properties Stock Up 1.2 %

Shares of GLPI opened at $50.40 on Thursday. The firm has a market cap of $13.85 billion, a P/E ratio of 17.56, a PEG ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The stock’s 50 day moving average is $48.39 and its two-hundred day moving average is $49.79. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

Institutional Trading of Gaming and Leisure Properties

Institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its stake 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 worth $29,000 after acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. CKW Financial Group raised its holdings in Gaming and Leisure Properties by 75.0% in the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at about $39,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on GLPI shares. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.00 to $54.00 in a research note on Friday, December 13th. Royal Bank of Canada dropped their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Scotiabank dropped their price target on Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. 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, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $54.04.

Gaming and Leisure Properties Company Profile

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.