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 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 transaction, the director now directly owns 149,800 shares in the company, valued at approximately $7,513,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock opened at $50.19 on Friday. The firm’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 12 month low of $41.80 and a 12 month high of $52.60. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The company has a market capitalization of $13.77 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 5.82 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data 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 52.79% and a return on equity of 17.60%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its stake in Gaming and Leisure Properties by 11.7% during the third quarter. QRG Capital Management Inc. now owns 147,299 shares of the real estate investment trust’s stock worth $7,579,000 after buying an additional 15,428 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Gaming and Leisure Properties by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 570,131 shares of the real estate investment trust’s stock worth $29,333,000 after acquiring an additional 3,239 shares during the last quarter. National Pension Service boosted its position in shares of Gaming and Leisure Properties by 37.4% during the 3rd quarter. National Pension Service now owns 211,111 shares of the real estate investment trust’s stock worth $10,862,000 after purchasing an additional 57,511 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Gaming and Leisure Properties by 9.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 116,619 shares of the real estate investment trust’s stock valued at $6,000,000 after purchasing an additional 10,332 shares during the last quarter. Finally, Fort Pitt Capital Group LLC raised its position in Gaming and Leisure Properties by 4.3% in the third quarter. Fort Pitt Capital Group LLC now owns 93,210 shares of the real estate investment trust’s stock valued at $4,796,000 after purchasing an additional 3,835 shares during the period. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, August 23rd. StockNews.com downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped 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 report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $52.18.

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.