Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells 3,382 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 3,382 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $170,723.36. Following the transaction, the senior vice president now directly owns 49,620 shares of the company’s stock, valued at approximately $2,504,817.60. This represents a 6.38 % decrease in their ownership of the stock. The sale 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 Wednesday, March 5th, Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.45, for a total transaction of $323,838.55.
• 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 transaction of $57,412.10.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80.
• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.62, for a total transaction 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 Trading Down 0.7 %

NASDAQ GLPI opened at $50.03 on Friday. The firm’s fifty day moving average is $48.44 and its two-hundred day moving average is $49.80. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $52.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market cap of $13.75 billion, a PE ratio of 17.43, a P/E/G ratio of 2.01 and a beta of 0.99.

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

Gaming and Leisure Properties Dividend Announcement

The business 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 dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Hedge Funds Weigh In On Gaming and Leisure Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of GLPI. Private Advisor Group LLC raised its position in Gaming and Leisure Properties by 9.2% during the 3rd quarter. Private Advisor Group LLC now owns 13,646 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 1,152 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Gaming and Leisure Properties by 8.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust’s stock worth $596,000 after acquiring an additional 928 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Gaming and Leisure Properties by 8.2% during the third quarter. First Trust Direct Indexing L.P. now owns 8,133 shares of the real estate investment trust’s stock worth $418,000 after purchasing an additional 616 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Gaming and Leisure Properties by 23.7% in the third quarter. Pinnacle Associates Ltd. now owns 6,573 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 1,258 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Gaming and Leisure Properties by 142.2% in the 3rd 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. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GLPI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $49.00 to $54.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Mizuho dropped 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 report on Thursday, November 14th. Finally, Scotiabank cut their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.04.

About Gaming and Leisure Properties

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.