E Scott Urdang Sells 5,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total value of $248,600.00. Following the completion of the sale, the director now owns 145,953 shares in the company, valued at $7,256,783.16. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $49.92 on Friday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company’s 50-day moving average is $48.25 and its two-hundred day moving average is $49.77. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The company has a market cap of $13.72 billion, a PE ratio of 17.39, a PEG ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.09%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLPI. JMP Securities restated a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada dropped their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday. Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.15.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLPI. Dodge & Cox increased its stake in shares of Gaming and Leisure Properties by 75.3% in the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust’s stock valued at $650,094,000 after acquiring an additional 5,797,299 shares during the last quarter. Norges Bank acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $176,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Gaming and Leisure Properties by 647.0% during 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 valued at $104,213,000 after purchasing an additional 1,754,370 shares during the period. Raymond James Financial Inc. bought a new stake in Gaming and Leisure Properties in the fourth quarter valued at approximately $49,188,000. Finally, Northern Trust Corp raised its holdings in Gaming and Leisure Properties by 48.2% in the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust’s stock worth $138,364,000 after purchasing an additional 933,842 shares during the period. Institutional investors own 91.14% of the company’s stock.

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.