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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $170,723.36. Following the transaction, the senior vice president now owns 49,620 shares in the company, valued at $2,504,817.60. This represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 28th, Matthew Demchyk sold 1,138 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.45, for a total value of $57,412.10.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.40, for a total value 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 transaction of $54,922.20.

Gaming and Leisure Properties Trading Down 0.1 %

Shares of GLPI stock opened at $49.79 on Wednesday. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a market cap of $13.68 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $48.36 and its two-hundred day moving average is $49.79.

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

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.11%. Gaming and Leisure Properties’s payout ratio is presently 105.92%.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. Morgan Stanley cut Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. Scotiabank lowered their target price on 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. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.04.

Institutional Trading of Gaming and Leisure Properties

Several hedge funds have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $52,000. Employees Retirement System of Texas boosted its position in shares of Gaming and Leisure Properties by 2.2% in the fourth quarter. Employees Retirement System of Texas now owns 182,164 shares of the real estate investment trust’s stock valued at $8,773,000 after acquiring an additional 4,000 shares during the period. Toronto Dominion Bank grew its stake in shares of Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock worth $1,776,000 after acquiring an additional 905 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Gaming and Leisure Properties during the fourth quarter worth $240,000. Finally, Neo Ivy Capital Management acquired a new position in Gaming and Leisure Properties during the 4th quarter valued at $3,371,000. Institutional investors own 91.14% of the company’s stock.

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.