Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Sells $345,351.60 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 6,885 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total transaction of $345,351.60. Following the completion of the transaction, the director now owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

E Scott Urdang also recently made the following trade(s):

• On Monday, August 12th, E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $50.78 on Thursday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The stock’s 50 day moving average is $51.15 and its two-hundred day moving average is $47.62. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The firm has a market capitalization of $13.79 billion, a PE ratio of 18.74, a P/E/G ratio of 5.82 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share 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 analysts’ expectations of $385.09 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.99%. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Analyst Ratings Changes

Several equities analysts have issued reports on GLPI shares. Scotiabank raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus increased their price objective on Gaming and Leisure Properties from $52.00 to $52.50 and gave the company a “buy” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, UBS Group raised their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds and other institutional investors have recently made changes to their positions in GLPI. Allspring Global Investments Holdings LLC increased its holdings in Gaming and Leisure Properties by 6.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock valued at $284,726,000 after buying an additional 341,492 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gaming and Leisure Properties by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,104,552 shares of the real estate investment trust’s stock worth $185,564,000 after acquiring an additional 350,250 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Gaming and Leisure Properties by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock worth $134,074,000 after acquiring an additional 781,906 shares during the period. Bank of New York Mellon Corp increased its stake in Gaming and Leisure Properties by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,761,119 shares of the real estate investment trust’s stock valued at $124,830,000 after purchasing an additional 35,311 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in Gaming and Leisure Properties by 1.5% during the first quarter. Lasalle Investment Management Securities LLC now owns 1,479,756 shares of the real estate investment trust’s stock worth $68,172,000 after purchasing an additional 21,667 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.