Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk Sells 1,138 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 1,138 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $50.45, for a total value of $57,412.10. Following the completion of the sale, the senior vice president now directly owns 53,002 shares of the company’s stock, valued at approximately $2,673,950.90. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 3rd, Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.48, for a total value of $170,723.36.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.40, for a total value of $870,279.80.
• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The stock was 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 Stock Down 0.1 %

GLPI stock opened at $49.79 on Wednesday. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a 50-day moving average of $48.36 and a two-hundred day moving average of $49.79. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $389.62 million for the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. As a group, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 105.92%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. Royal Bank of Canada dropped their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.04.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. raised its stake in shares of Gaming and Leisure Properties by 2,547.6% in the third 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 in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Gaming and Leisure Properties by 142.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the period. CKW Financial Group lifted its holdings in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter valued at about $39,000. Institutional investors own 91.14% of the company’s stock.

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.