Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Sells $190,498.88 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore sold 3,982 shares of Gaming and Leisure Properties stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gaming and Leisure Properties Trading Down 1.1 %

NASDAQ GLPI opened at $46.58 on Thursday. 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 fifty day simple moving average of $49.38 and a two-hundred day simple moving average of $49.49. 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 stock has a market cap of $12.78 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.13 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The firm had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter last year, the business earned $0.92 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 106.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. Mizuho cut their price target 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. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 price target (up from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Hedge Funds Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in 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 acquiring an additional 889,698 shares during the period. State Street Corp raised its holdings in shares of Gaming and Leisure Properties by 1.4% during the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock worth $624,356,000 after purchasing an additional 162,484 shares during the last quarter. Geode Capital Management LLC lifted its position in Gaming and Leisure Properties by 2.7% during the third quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock valued at $312,316,000 after purchasing an additional 161,689 shares during the period. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 341,492 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 350,250 shares during the period. 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.