Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Sells $151,170.00 in Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.39, for a total transaction of $151,170.00. Following the completion of the sale, the director now owns 146,800 shares in the company, valued at $7,397,252. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 29th, E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.16, for a total transaction of $345,351.60.
• 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 value of $274,028.45.

Gaming and Leisure Properties Price Performance

NASDAQ:GLPI opened at $49.04 on Thursday. The stock has a market cap of $13.46 billion, a PE ratio of 17.15, a P/E/G ratio of 2.18 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 simple moving average is $51.08 and its two-hundred day simple moving average is $47.89. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60.

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 the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The business had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.76 per share. The ex-dividend date was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.20%. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group increased their target price on Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. JMP Securities restated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Wolfe Research upgraded shares of 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 report on Friday, August 23rd. Finally, Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors have recently bought and sold shares of GLPI. Assetmark Inc. boosted its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gaming and Leisure Properties in the second quarter worth about $31,000. EdgeRock Capital LLC bought a new position in Gaming and Leisure Properties during the second quarter valued at approximately $33,000. Versant Capital Management Inc boosted its position in shares of Gaming and Leisure Properties by 18,500.0% during the 2nd quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 740 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

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.