Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Sells $54,922.20 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 1,149 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total value of $54,922.20. Following the sale, the senior vice president now owns 91,620 shares in the company, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $46.58 on Thursday. The stock has a market cap of $12.78 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.13 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The stock has a 50 day moving average of $49.38 and a two-hundred day moving average of $49.49. 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 announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.53%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLPI. Barclays began coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price target on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average price target of $54.00.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors have recently added to or reduced their stakes in GLPI. Assetmark Inc. grew its stake in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Gaming and Leisure Properties during the second quarter worth $31,000. Farther Finance Advisors LLC grew its position 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 buying an additional 384 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Gaming and Leisure Properties by 578.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 590 shares during the period. Finally, Abich Financial Wealth Management LLC increased its stake in Gaming and Leisure Properties by 3,191.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 734 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

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.