Matthew Demchyk Sells 17,617 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 17,617 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now owns 54,140 shares of the company’s stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 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 transaction of $54,922.20.

Gaming and Leisure Properties Stock Up 0.8 %

Shares of NASDAQ:GLPI opened at $48.43 on Friday. The firm has a market capitalization of $13.29 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The firm has a fifty day moving average of $48.76 and a 200 day moving average of $49.79.

Gaming and Leisure Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Gaming and Leisure Properties by 647.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,025,526 shares of the real estate investment trust’s stock worth $104,213,000 after buying an additional 1,754,370 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after purchasing an additional 889,698 shares during the last quarter. Jennison Associates LLC raised its position in Gaming and Leisure Properties by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock worth $209,682,000 after purchasing an additional 821,634 shares during the period. Janus Henderson Group PLC lifted its stake in Gaming and Leisure Properties by 6,162.9% in the third quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust’s stock worth $41,820,000 after purchasing an additional 800,000 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Gaming and Leisure Properties in the third quarter worth $27,057,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GLPI shares. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Mizuho dropped their price objective on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Stifel Nicolaus increased their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

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.