E Scott Urdang Sells 5,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the transaction, the director now directly owns 140,953 shares of the company’s stock, valued at approximately $7,173,098.17. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 25th, E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00.

Gaming and Leisure Properties Stock Down 1.8 %

NASDAQ:GLPI opened at $49.75 on Thursday. Gaming and Leisure Properties, Inc. has a twelve month low of $41.80 and a twelve month high of $52.60. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The stock has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $49.81. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62.

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

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 6.11%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 105.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLPI. Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Morgan Stanley lowered shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price for the company. in a report on Wednesday, January 15th. Wells Fargo & Company raised their target price on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and raised their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.96.

Institutional Trading of Gaming and Leisure Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its stake 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 period. Stonebridge Financial Group LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at $31,000. Farther Finance Advisors LLC increased its stake 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 period. CKW Financial Group increased its stake 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 period. Finally, Brooklyn Investment Group purchased a new position in shares of Gaming and Leisure Properties during the third quarter valued at $39,000. 91.14% of the stock is currently owned by institutional investors.

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.