Matthew Demchyk Sells 17,617 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 17,617 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total transaction of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares of the company’s stock, valued at $2,674,516. The trade was a 24.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The shares were 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 %

NASDAQ:GLPI opened at $48.39 on Friday. 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 capitalization of $13.28 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.96 and a beta of 0.99. The firm has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $49.78. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLPI shares. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. 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. Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, Morgan Stanley cut shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average target price of $53.93.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. grew its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the third quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 535 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at about $31,000. Farther Finance Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares during the last quarter. CKW Financial Group grew its holdings in shares of Gaming and Leisure Properties by 75.0% during the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 300 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 734 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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.